| http://www.w3.org/ns/prov#value | - So interest rates are rising, meaning that current bond holders of long-term Treasury debt (including the Fed) will take a horrendous 40% haircut as rates rise from 3% to 5%.A $100 bond paying 3% will drop to $60 when yields rise to 5%, as buyers will demand the same 5% yield as they can get with newly issued bonds.Rising rates will crush the asset base of all long-term bond holders.
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