The interest rate on a 10-year Treasury note has gone from 2.93 percent in April to 3.68 percent Monday. That’s an extraordinary surge in just a few weeks.
Mr. Cosgrove forecasts that the Treasury’s borrowing cost on 10-year notes will rise over the next 12 months to 4.5 percent.
two main reasons for the recent jump in interest rates: fear factor is starting to fade form the global economy; huge supply of Treasury debt coming on the market
Read more by clicking on the following: Brace yourself: Interest rates likely to climb higher | csmonitor.com
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