August 23, 2013 at 16:13 PM EDT
As Rates Rise, A Tepid View On Utilities ETFs
Ten-year Treasury yields dropped nearly three percent on Friday, barely enough to put a dent in a 90-day spike of about 40 percent. As has been well-documented, rising interest rates present problems for income investors. Obviously, rising interest rates wreak havoc on bond portfolios that are heavily allocated to longer duration
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