Rising Yields Roil Markets as Treasury Bonds Sell Off Sharply

Treasury bond market sell-off marks one of the worst crashes in history, sending yields soaring.

High yields hitting stocks, but also hurting commodities, crypto, housing and foreign currencies.

Dollar strengthening as investors flock to Treasurys, weakening other currencies like yen and euro.

Gold and industrial metals declining as yields reduce appeal of non-interest bearing assets.

Mortgage rates rising with Treasurys, home loan applications at lowest since 1990s.