Yields on the 10 year Treasury have been climbing consistently over the past several days, ending above 3.7% today.
Increasing interest rates are welcomed by insurers and consumers who are still considering an annuity purchase.
The trend is troublesome, though, for those who have recently locked themselves into a fixed annuity without inflation protection.
Similar to the 1970s and 1980s, global investors are driving up interest rates in light of concerns about inflation that could be ignited by the massive economic stimulus from the U.S. government.
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