Borrowing costs around the world are rising sharply as investors continue selling government bonds amid concerns about inflation and energy prices.
The benchmark U.S. 10-year Treasury yield recently reached its highest level since 2002 before easing slightly. Similar trends have appeared across Europe, Asia and other major markets.
Higher bond yields can affect everything from mortgages and business loans to government borrowing costs.
Economists warn that sustained increases could place additional pressure on housing markets and businesses already dealing with elevated financing costs.
