A selloff in US government bonds is pushing borrowing costs higher across the economy, raising pressure on households, companies, financial markets and the federal budget as investors demand greater returns to hold Treasury debt, Reuters reported.
The rise in yields reflects a combination of heavy government borrowing, resilient economic growth, persistent inflation risks and uncertainty over the future path of U.S. interest rates. Reuters examined the factors behind the bond-market selloff and its potential impact on the broader economy.
