CBO Forecast: Expect Higher Interest Rates

In its August summary "The Budget and Economic Outlook: An Update," the non-partisan Congressional Budget Office outlines its expectations for federal spending, economic growth, inflation and interest rates. As follows is their current forecast for yields on Treasuries:

A rising interest rate environment would be distinctly negative for current owners of intermediate and long-term bonds.  Click here for the seven-page report from the CBO.

Scott Middleton