Rising bond yields have been causing plenty of consternation among fiscal hawks and investors, with good reason.
Higher bond yields make it more expensive for governments, companies and in some cases consumers to borrow. And they’ve been rising amid growing concerns over inflation and other economic and geopolitical issues.
So, yeah. It’s not great.
But also … not necessarily terrible for your money in all instances.
For example, if you have savings to invest? Higher bond yields are “unequivocally good news,” said Collin Martin, head of fixed income research and strategy at the Schwab Center for Financial Research.
