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How to use the rising rates to borrow, save and invest
The past six years have been a great time to borrow and buy, with interest rates at historic lows. But as the U.S. economy continues its recovery, many experts believe the long decline in rates will finally reverse. The key question is how soon–and at what pace.
The current wisdom on Wall Street holds that the 10-year Treasury bond, currently yielding around 2%, will end the year at about 3% and push past 4% in 2016. …