Government borrowing costs in the U.S., Germany, the U.K. and Japan have hit or are close to multi-decade peaks amid growing worries about inflation and rising interest rates, along with anxiety about their debt loads.
Elevated bond yields could squeeze households and companies and they are also exacerbating government finances.
Here's a look at what's behind the move in some major economies.
What's going on?
Japan's 10-year bond yield hit 3% on Tuesday for the first time since 1996, a milestone for an economy still emerging from an era of ultra-low rates.
