After years of falling interest rates, a sea change could be underway, with some investors already starting to hedge their investments in preparation for an uptick.
"We've put in a bottom in the interest rate market, and it's only going higher from here," said Adam Hewison, president and chief strategist at INO.com. "What that may do is what Ben Bernanke's been trying to do for the last few years—lure people to come in and buy."
Since the financial crisis, the Fed has taken unprecedented steps to lower rates in an effort to encourage borrowing and economic growth, pushing the federal funds target rate to a record low level of between 0 percent and 0.25 percent. But the yield on the benchmark 10-year Treasury notes has climbed since the beginning of May to above 2 percent amid signs of an improving economy and recent chatter over when the Federal Reserve will start scaling back its bond-buying program.
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