Interest rates have moved dramatically higher with the 10-year Treasury rising over 55 basis points (bps) since the start of the year breaking through 1.50% on Thursday. Increasing interest rates is the most significant storyline of the last few weeks. In general, investors have an innate ability to rationalize and justify difficult issues that they hope not to deal with. Such is the case with interest rates. The rising intermediate and longer ends of the yield curve have largely been ignored until now. Rates certainly remain at historically low levels and are supportive of the overall economy as well as asset prices, but the speed of the recent rate rise is starting to be noticed.