1.   Higher rates could weigh on bonds because many investors finance their fixed-income investments by borrowing at shorter maturities.

2.   Higher rates could weigh on bonds because many investors fund bond purchases by borrowing at shorter maturities.

3.   Higher rates could weigh on stocks by increasing corporate borrowing costs and on bonds because many investors fund bond purchases by borrowing at shorter maturities.

4.   Higher short-term rates weigh on bonds by making it more expensive for investors, particularly commercial banks, to fund their bond purchases.

5.   Higher U.S. rates could weigh on Japanese bonds by making the return on U.S. Treasuries even more attractive than the return on Japanese bonds.

6.   Higher overnight rates weigh on bonds by making it more expensive to fund bond purchases by borrowing in the money market.

7.   Higher rates at home could weigh on yen bonds because many investors fund their bond purchases by borrowing at shorter maturities.

8.   Higher rates could weigh on bonds because many institutional investors fund their bond purchases by borrowing at shorter maturities.

9.   Higher rates could weigh on bonds by making it more expensive for investors, in particular commercial banks, to fund their bond purchases.

10.   Higher rates generally weigh on stocks because higher borrowing costs typically crimp corporate profits.