How can I make money on the conviction that interest rates will rise other than:
- Buying real-estate
- Taking out a cheap loan and lending at a higher rate in the future
The "pure play" would be using interest rate options. http://www.cboe.com/Products/InterestRateOptionsSpecs.aspx
Another option is to short whatever interest rate you think will go up. For example, if you think that interest on treasuries will go up, then short treasuries.
Invest in gold. Maybe will not "make" money but at least preserve the value.
A very simple and safe, though boring, approach is to hold cash rather than bonds, and move out of cash later once higher yields have lowered asset prices.