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Global bond yields hit a 15-year high, a closer look at China’s housing slump and Americans’ disappearing savings. — Kristine Aquino

Yields on bonds across the globe jumped to the highest level since 2008 after minutes of the Federal Reserve’s last meeting showed policymakers remain worried about persistent inflation and signaled the possibility of further rate hikes. Signs of weakness in bond markets emerged worldwide, from UK 10-year yields climbing to a 15-year high to a lackluster sale of Japanese 20-year debt. “The current selloff is being led by the longer end, underscoring concerns about supply and liquidity,” said Prashant Newnaha, a macro strategist at TD Securities.