Over the last year interest rates have been extremely low. Since 1980, (a recent generation of investors lives) we have been in a steady march downward in interest rates.
It is highly possible that the stimulus being added to our economy will result in higher interest rates long term. Again we do not disagree with the governemnt actions, but we are closely monitoring the effects.
We will be keeping an eye on interest rates in the coming years, we adivise caution to longer term fixed income instruments at this time.
Below is the yield on the 10 Year Treasury. When the line is going up, the value of the bond is going down (investors are losing money.) JK