3 Risks Higher Interest Rates Pose to Your Retirement Plan
How to avoid the pitfalls.
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How to avoid the pitfalls.
The US 30-year yield rose to the highest level since 2007, deepening a bond selloff driven by expectations the Federal Reserve will keep interest rates elevated as the supply of Treasury debt grows. Shorter-term yields also reached new highs.
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Risk assets have reacted in an orderly manner to the still hawkish tones used by the central banks. In fact, bond spreads have narrowed and the stock markets have risen.
Savings account rates have already risen to record levels over the past 14 months, but will the Fed's latest announcement bump them higher, or cause them to plateau?