A search on Google shows that the term “rising interest rates” is gaining popularity and that media items are showing up in increasing volumes. But also that there could still be higher to go, which dovetails with the target of 3.6% to 3.7% on the 30 year yield we are operating to (roughly 3% on the 10 year).
Here is the 10 year yield over approximately the same span.
I took a look at this after reading some speculation that recent strong housing data were at least in part the result of the public trying to lock in mortgages before rates went higher still. Kind of a self-fulfilling prophecy if that is what is in play.
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