International Long Term Interest Rates

Interest rates on US Treasuries have been the subject of increased attention lately as the yield on the 10-year note has risen by nearly 100 basis points since the March lows.  Even after this move, though, the current yield is still at levels seen near the end of 2007. 

In international markets, with the exception of Canada, the move in interest rates has been sharper and potentially more disruptive.  In the UK and Japan, yields on their ten-year treasuries have risen to their highest levels since last August, while rates in Australia and the Euro region are at or near ten-year highs.

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