Smith and her client decided to take the long-term approach and not jump into any partnerships that may include short-term gains at the potential expense of building a worthwhile long-term portfolio.
Thus, long-term rates jump from 15% to 23.8% at year-end, the highest rate since 1997.
American mortgage rates have already risen sharply in the past two months, in line with the jump in long-term bond yields.
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Among the first measures announced is a jump in the maximum prison term for the bosses of such scams from six to 20 years.
Interest rates on short-term loans would jump like a gazelle.
In the second scenario, a sudden jump in interest rates, short-term and medium-term bond funds take an immediate hit in their value and then take about two years or more to climb back to their starting value.
Many shorter-term-oriented shareholders in particular might jump from dividend stocks, shedding even the strongest and most predictable payers.
This, and another program referred to as Quantitative Easing 3, are intended to push down long-term market-set interest rates to help jump-start the economy.
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It only reacts long-term when people are super scared and ready to jump, or fearless and ready to quit their day jobs to become stock traders.
Over the short term, our pay does not keep up with a sudden jump in oil prices.
Stock market crashes provide short-term opportunities to buy cheap, but too few investors have the temperament to jump in during a fire sale.
And as for Card, there are rumors that he will jump into the race for governor in Massachusetts, where incumbent Republican Mitt Romney is leaving after one term, and where Romney's lieutenant governor, Kerry Healey, is not doing so well as the presumptive GOP nominee to succeed him.
Without that extension, in 2009, the top tax on long-term capital gains will go back up to 20%, while the top rate on dividends will jump to 35%.
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