Assertion: prevailing interest rate | /r/AtLocation | 5%
Facets:
Source sentences:
text: The rates earned on bonds therefore have less appeal as rates rise, so if a bond paying a fixed rate of 5% is trading at its par value of $1,000 when prevailing interest rates are also at 5%, it becomes far less attractive to earn that same 5% when rates elsewhere start to rise to say 6% or 7%.