Bond market quake is bad news for governments, businesses and consumers - The Washington Post
• Long-term U.S. Treasury yields surged to their highest levels since 2007 on Tuesday, triggering a significant bond market sell-off. • In response to the volatility, the Treasury Secretary doubled the government's buyback of debt to stabilize the market. • This "bond market quake" is viewed as negative for governments, businesses, and consumers due to the potential for higher borrowing costs.
washingtonpost.com