1.   Higher rates could induce investors to buy the U.S. currency to profit from higher yields offered by dollar-denominated deposits.

2.   Higher rates could induce investors seeking higher yields offered by dollar-denominated deposits to buy the U.S. currency.

3.   Mortgage bonds gained far less than Treasury notes as traders fretted that lower rates will induce even more homeowners to refinance the loans that make up their bonds.

4.   Rising rates could induce another round of yen appreciation against the dollar as foreign investors flock to interest-bearing securities.