1.   A rising inflation rate erodes the value of bond interest and principal payments.

2.   A rising jobless rate erodes tax revenue and boosts welfare spending.

3.   A rising jobless rate erodes tax revenue and leads to higher government spending.

4.   Disappointed investors drove bond yields higher as a rising inflation rate erodes their value.

5.   Higher rates erode profits of big borrowers and lenders alike.

6.   Higher rates erode profits of fixed-income investments such as bonds.

7.   Higher rates can erode the fixed value of short-term debt securities.

8.   Higher rates could further erode demand for gold, which some investors buy to guard against inflation.

9.   Higher rates would have eroded borrowing costs for Austrian companies doing business in the U.S.

10.   Higher rates can erode the value of some bonds.