The question you have to ask yourself about building an investment strategy around rising rates is: How much will they rise, how fast, and where does that quant

The question you have to ask yourself about building an investment strategy around rising rates is: How much will they rise, how fast, and where does that quantity of increase on that schedule actually have an impact on my decision? If you are looking at a 5 year time horizon will the changes in rates be enough, or fast enough to make a real difference? I personally doubt it unless an external shock acts on the market -- which of course could also cut the other way!