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With bond yields on the rise — having more than doubled since the trough in US 10-year Treasury rates in July 2016 — investors have taken notice. With interest rates having been on the rise since 2016, some forecasts have said the long-term bull market in bonds since the early 1980s is as at an end. While many crosscurrents can affect interest rates, such as economic growth and inflation expectations, the risk premium in taking on interest rate risk, and technical issues such as bond issuance patterns, sources of demand and demographic trends, other variables can come into play.