Secret Of Higher Interest Rates Revealed

Close Close Open Photographer: Scott Eells/Bloomberg When people want to borrow more of these because they are counting on faster economic growth, guess what happens? I can only imagine what the average person must think when he reads what passes for economic analysis in the daily press. Let me give you an example. Last week, on the heels of strong economic data, the 10-year Treasury yield closed above 3 percent for the first time since July 2011. For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2014-01-02/secret-of-higher-interest-rates-revealed.html