Higher bond yields push up borrowing costs for governments, homeowners and businesses. Read more at straitstimes.com. Read more at straitstimes.com.

A bond rout is deepening as inflation fears take hold of the Treasury market, threatening to raise borrowing costs across the US economy.

The 30-year U.S. Treasury yield hasn’t been this high since the lead-up to the global financial crisis. Across Europe and Asia, yields are also elevated.