Interest rates have been low for a while, but began to rise in April. Where are the rates headed, and what impact will they have on the financial markets? The answer may depend in part on what the U.S. Federal Reserve (the Fed) does and on investor behavior. Ever since the 2008-2009 financial crisis, many investors have viewed bonds as a “safe haven.” If interest rates continue to rise, this may have some interesting implications.   Historical Perspective Prior to a ...

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