I’m no expert but I have to believe they are going up. Inflation is raging, risk is higher (so a larger risk premium will be priced in), the dollar is losing value, the debt and deficit are out of control with no short or long-term outlook for cutting gov’t spending, and there is now, however soft, whisper about the U.S. eventually losing its AAA rating within the next decade. All of this screams higher interest rates and significantly higher interest rates. Maybe not next year but its the track we are on. The only way out is a severe belt tightening and paying down of debt by everyone including the U.S. gov’t.
