Rolling coverage of the latest economic and financial news

U.S. futures are falling as oil prices continued to climb and inflation concerns persist, causing bond yields to rise both domestically and abroad

Heightening worries over elevated government spending has prompted investors for several months to demand higher compensation for owning long-term debt.

The bond market is undergoing a tumultuous selloff, resulting in elevated borrowing costs for potential borrowers. Concerns surrounding inflation and rising government debt are…