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"It is likely rates will continue to feel pressure to increase until we see a correction in the stock market"

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Bonds continued to get beaten up over the course of the week, resulting in another small increase in rates. This is one of the longest bull markets stocks have experienced in recent history, expert analysts know it must end one day. It is likely rates will continue to feel pressure to increase until we see a correction in the stock market. Most analysts believe this bump in rates is temporary, mainly due to technical indicators for the economy not justifying support for higher borrowing costs. However, the labor market is strong and oil costs are putting additional pressure on inflation. The best indicator to monitor for now is stocks, until they waver expect pressure on rates to be felt.