Buckle up, bond investors. It's about to get bumpy.
As the Federal Reserve begins tapering its economic stimulus program in the weeks ahead, market strategists widely predict that rock-bottom interest rates, which have fueled a 30-year bond market rally, will trend slowly higher starting later this year.
"I think an interest-rate rise looks pretty inevitable at this point, with tapering now on track," said John Napolitano, a certified financial planner and chief executive officer of U.S. Wealth Management, noting higher rates are good for financial institutions, insurance companies and equity investors alike.