Many individual and institutional investors are growing more concerned that we may be entering an environment of rising interest rates sooner than many expected. The behavior of yields on 10-year U.S. Treasury notes since the beginning of May provides credence to this sentiment as 10-year Treasury yields have risen by 59 basis points, or nearly 36% (from 1.66% to 2.25%), during the time period of May 1, 2013 – June 12, 2013.

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