Thank you for the information. Yes, the US bond market is currently seeing its 10-year bond yield rise above 3% p.a. usually known as the line in the sand. What is further more disturbing is that the mortgage loan interest rates are rising quite fast at the same time.
I am from Sydney, Australia and I have penned an article today about the problem of the low interest rate environment. Thought your readers may also find it informative!
RE: Greenspan warns: Bond bubble about to break because of 'abnormally low' interest rates