End Of Low Interest Rate Environment: Where To Invest

 | Jul 14, 2013 02:21AM ET

The recent market focus has been centered on Ben Bernanke's comment that the end is near for a very accommodating Federal Reserve, i.e., quantitative easing (QE) tapering is near. The market's reaction was one where the 10-year Treasury rate shot higher (prices declined) as evidenced in the below chart. This rise in rates also influenced mortgage rates as detailed in the second chart below.