Concerned over rising interest rates?

It was widely reported that Friday’s stock market sell off was based upon the fact that the Federal Reserve would be raising short term interest rates sooner rather than later (summer vs. fall?). But when you look at a chart of the 2yr US Treasury Note yields, one can see that interest rates have been rising since mid 2013. So was it really a concern over rising rates or just an excuse to take profits?
This post is for educational purposes and is not intended to be trading advice.

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