EU inflation is heating up.

http://finance.yahoo.com/news/european-bonds-slide-core-inflation-102153013.html

Interest rates won't stay low for too low because of increasing inflations.  Governments around the globe will definitely increase interest rates.  Those who are behind the yield curve will definitely pay a much higher price because their economies will have more knee-jerk reactions due to the magnitude increases.

Therefore, it is a matter of WHEN, not IF that interest rates will rise.

http://sg-stock.blogspot.sg/2017/04/high-interest-rate-environment-is.html