Source-linked briefing Business

Bond Sell-Off Lifts 30-Year Yield to 2007 High, Pressuring Loans

Bond Sell-Off Lifts 30-Year Yield to 2007 High, Pressuring Loans

A bond-market sell-off has pushed the 30-year U.S. Treasury yield to its highest level since 2007. The rise threatens to increase borrowing costs across mortgages, credit cards, and other consumer and business loans.

Original headline

Bond market sell-off threatens higher borrowing costs. Here is what it means for your money.