OK, Scott just made clear economic issues have some competition for top billing at the G 8 Summit in Northern Ireland. We do, though, want to drill down into one economic question this morning, and that's why interest rates here at home are going up. The bond market has pushed them to the highest levels in 15 months, and that includes mortgage rates.
Let's turn, as we often do, to David Wessel. He's economics editor of The Wall Street Journal. David, good morning.
Jordan is hosting major military exercises known as Eager Lion 2013. More than 15,000 soldiers from 18 countries, including the U.S., will be participating. The war games kicked off as Syria's civil war rages next door.
The home-improvement retailer Lowe's has reportedly agreed to buy Orchard Supply Hardware Stores. The sale price is expected to top $200 million. Orchard is a California-based hardware-and-garden chain. It was once owned by Sears, and is now about $230 million in debt.
Now, as we've been reporting elsewhere in the program, President Obama is in Europe this week for the G8 Summit in Northern Ireland. On Tuesday, he heads to Germany to meet with German chancellor Angela Merkel. Germany is the EU's powerhouse. Its economic success has given the country political power, in part, because it's the region's biggest lender.
Boring TV is such a hit in the Scandinavian nation of Norway that broadcasters are scrambling to produce even more shows to satisfy the appetites of viewers. One idea being considered is a live show with knitting experts, according to The Wall Street Journal.