Depending on who you ask, Interest rates will move up in the next 1 to 5 years. With this move in mind, it is necessary to look at the performance of some of the asset classes that could be affected by this move. In this graph you can see that falling interested rates are beneficial for preferred stock but when interest rates move up, their performance suffers.
Performance of Preferred stocks when interests rates move up.
Bryan Taylor, Chief Economist, Global Financial Data