Britannia Radio

Morgan Stanley: Interest rates to surge 40% this year

Thursday, April 22, 2010 From Newsmax: The 10-year Treasury bond yield will climb to a nine-year high of 5.5 percent by year-end, according to Morgan Stanley. The budget deficit, which totaled $1.42 trillion last year and may rise even further this year, will cause the move, Morgan Stanley analysts say. The 10-year yield recently hit a nine-month high of... Read full article... More on interest rates: Three places to put your cash if interest rates rise Bond King Gross: Interest rates will soar from Obamacare Federal Reserve president begs Bernanke to raise rates to 1%