Why are global bond yields rising?
With inflation excluding food and energy prices elevated and the U.S. economy resilient, central banks are pushing back against rate cut bets.
Many investors were also betting bond yields would drop, so are extra sensitive to moves in the opposite direction, analysts say.
That is no surprise, and analysts do not rule out a rise in 10-year Treasury yields to 5%, from 4.7% now .
Bond yields determine governments' funding costs, so the longer they stay high, the more they feed into the interest costs countries pay.
Persons:
Brendan McDermid, August's, Goldman Sachs, Mahmood Pradhan, Treasuries, Andrea Kiguel, Yoruk, Dhara Ranasinghe, Karin Strohecker, Marc Jones, Amanda Cooper, Ed Osmond
Organizations:
New York Stock Exchange, REUTERS, U.S . Treasury, August's Fitch, Reuters, Treasury, Deutsche Bank, Amundi Investment, U.S, JPMorgan, Barclays, Yoruk Bahceli, Thomson
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