Interest Rates Rise after Jobs Report

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Interest rates rose in the bond market after the U.S. Department of Labor released its unemployment report showing 162,000 jobs had been added to March payrolls.

Some financial experts warn Friday's report signals the era of falling interest rates is over and they expect them to keep on climbing.

Experts also expressed the belief that the higher rates are a warning sign of inflation.

Others say rates will rise because of the huge projected federal deficits of over a trillion dollars a year for years to come.

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