From Newsmax:
The 10-year Treasury bond yield will climb to a nine-year high of 5.5 percent by year-end, according to Morgan Stanley.
The budget deficit, which totaled $1.42 trillion last year and may rise even further this year, will cause the move, Morgan Stanley analysts say. The 10-year yield recently hit a nine-month high of...
Read full article...
More on interest rates:
Three places to put your cash if interest rates rise
Bond King Gross: Interest rates will soar from Obamacare
Federal Reserve president begs Bernanke to raise rates to 1%