Interest rates are an extremely important factor in determining how bonds function. In general, all interest rates tend to move in the same direction (with different rates when risk/time is considered). Consider the interest rate trend of the 10-year US Treasury bond https://www.macrotrends.net/2016/10-year- treasury-bond-rate-yield-chart. Interest rates have been on a steady cyclical decline over the past 40 years. Investors who bought long-term bonds in the past have been rewarded with price appreciation and higher than market interest payments, while new investors continually invested in bonds that paid less interest. Predicting interest rates is very difficult and even the best economists get it wrong. Interest rates began to increase in 2016 and were expected to continually rise, but then came Covid-19, and interest rates rolled over. The current annual yield (interest rate) on the 10-year US Treasury bond is approximately 0.70% while other developed countries have negative interest rates. Where do you see interest rates going? Will they go negative (pay you to borrow) in the United States? How will this effect either investors in general or you? Interest rates are an extremely important factor in determining how bonds function. In general, all interest rates tend to move in the same direction (with different rates when risk/time is considered). Consider the interest rate trend of the 10-year US Treasury bond https://www.macrotrends.net/2016/10-year- treasury-bond-rate-yield-chart. Interest rates have been on a steady cyclical decline over the past 40 years. Investors who bought long-term bonds in the past have been rewarded with price appreciation and higher than market interest payments, while new investors continually invested in bonds that paid less interest. Predicting interest rates is very difficult and even the best economists get it wrong. Interest rates began to increase in 2016 and were expected to continually rise, but then came Covid-19, and interest rates rolled over. The current annual yield (interest rate) on the 10-year US Treasury bond is approximately 0.70% while other developed countries have negative interest rates. Where do you see interest rates going? Will they go negative (pay you to borrow) in the United States? How will this effect either investors in general or you