Interest rates are on the rise.
But the pace of the rate hikes is still painfully slow if you’re an interest-oriented investor. Even with the recent U.S. increases, we are still near historically low levels.
A recent presentation to institutional investors prepared by Excel Funds estimated that the yields on about 65 per cent of sovereign bonds from developed countries were less than 1 per cent. Only a handful yielded more than 2.5 per cent.
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