Almost half of P&I Online readers responding to last week's poll believe it will take several months for rates to rise after the Federal Reserve stops bond purchases, expected in October.
P&I Online asked readers: "If the Federal Reserve ends bond purchases in October, how long will it take for long-term bond yields to rise?"
"Several months" was the most popular answer receiving 47.3% of responses.
The second most popular answer was "more than a week, but less than a month" receiving 23% of responses. The third most popular answer was "immediately" receiving 16.2% of responses. The least most popular answers were "More than a month" (8.1%) and "Less than a week" (5.4%).
The poll was asked following the release of the minutes from the Fed's June meetings. In the notes, Federal Reserve Chairwoman Janet Yellen stated bond purchases would likely end in October with one last $15 billion purchase.