Pursuits
Who Needs the Fed? The Bond Market Is Already Lifting Rates Far and Wide
"It's been a wild ride"
All Eyes Are on a Global Bond Selloff
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After almost seven years of low borrowing costs engineered by central bankers, consumers and companies are getting a preview of what’s next.
A global bond selloff is translating into a real world impact, with yields on U.S. mortgage bonds that guide home-loan rates reaching the highest level since October and corporate borrowing costs climbing to the most this year.