Turmoil in Treasury bond yields sparks global worries: What to know

U.S. bond yields are rarely a burning issue with the general public. But that’s changed this week as a spike in yields has hit the front pages and TV newscasts. Yields on 30-year U.S. Treasury bonds hit their highest point in almost two decades on Tuesday. The rise prompted Treasury Secretary Scott Bessent to step in with a buyback…

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