But what does a sharp rise in interest rates mean for bond investors and especially for mortgage-backed securities (MBS) investors? If history is of value, it is worth noting that in 1994 the US bond...

But what does a sharp rise in interest rates mean for bond investors and especially for mortgage-backed securities (MBS) investors? If history is of value, it is worth noting that in 1994 the US bond markets suffered a major shock when Alan Greenspan, the former Fed chairman, unexpectedly doubled short-term interest rates to 6% in a year.