11.   Higher rates erode the profits of banks by reducing demand for loans.

12.   Higher rates erode the profits of borrowers and lenders alike.

13.   Higher rates erode the value of stocks, because they make alternative investments more attractive.

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

15.   Higher rates erode corporate profits by raising borrowing costs.

16.   Higher rates erode the value of fixed-income securities.

17.   Investors are concerned that higher borrowing rates could erode profit margins of less stables corporations, making it more difficult for them to repay their debt obligations.

18.   Investors are concern that higher borrowing rates could erode profit margins of less stables corporations, making it more difficult for them to repay their debt obligations.

19.   Rising rates would erode profits of Canadian companies that export to the U.S. by lowering demand.

20.   That potential development is a problem for bondholders because a higher inflation rate erodes the value of fixed-income payments.