Why Are US Interest Rates High and Rising?
New savers in the United States stand to gain as returns on savings – which have been subject to severe financial repression for most of the last decade – begin to rise. But higher interest rates could leave homeowners and shareholders vulnerable to losses.
CAMBRIDGE – Long-term interest rates in the United States are rising, and are likely to continue heading up. Over the past 20 months, the yield on ten-year Treasury bonds has more than doubled, from 1.38% to 2.94%. Why is this happening?