Bonds get rocked! Is the low-rate era over?

Interest rates are the lifeblood of the capital markets and the real economy. Lower rates and easy money fuel asset bubbles and economic activity. Higher rates and tighter money pop bubbles and restrain growth. It’s as simple as that! So this week’s bond market action bears extremely close watching! Interest rates have been in a deep slumber since the summer of 2011. But that all changed a few days ago, when long-term yields exploded out of a months-long range. The move isn’t huge yet — around a half a percentage point from recent lows. But if this is the beginning of the end of the low interest rate era, it’s going to have a massive impact on all . . . → Read More: Bonds get rocked! Is the low-rate era over?