When Treasury yields reach multiyear highs, some investors get nervous. Higher bond yields are triggered by lower bond prices, and the effects are felt across the financial spectrum: from investing in stocks and bonds to borrowing costs and savings returns.
Global bond yields are gripping markets, jumping back to their highest level in almost two decades as higher oil prices, inflation fears, and heavy government borrowing continue to add pressure.
Here is how rising Treasury yields could impact your finances, including mortgages, credit cards, and car loans.
Hal Bundrick | Yahoo Finance