Global interest rates were back under the microscope this week with the US decision to reverse quantitative easing from October. The announcement caused yields on the 10 year US Treasury to climb from 2.24% to 2.27%, with the two-year yield rising from 1.38% to 1.45%. European bond markets moved in a similar direction. Most policy makers expect another US rate rise in December this year, followed by another 3 increases in 2018. How do we see rising US interest rates impacting tankers markets?