Rising Bond Yields Signal Higher Interest Rates That Could Slow Economy

Bond yields are surging, threatening to raise borrowing costs across the economy as interest rates increase.

A key 10-year Treasury yield is at its highest level since 2007, indicating rising rates for mortgages, credit cards, and more.

Stronger economic data and worsening government finances are driving the bond sell-off, worrying investors.

With the Fed no longer buying bonds, demand has dropped, further pushing yields up.

Higher borrowing costs could slow spending by consumers and companies, potentially damaging the economy.