U.S. Bond Yields Hit 2007 High as Borrowing Costs Rise

Long-term U.S. Treasury yields rose to their highest levels since 2007 on August 18, with the 30-year yield topping 5.3 percent. The move matters because Treasury yields influence financing across mortgages, corporate debt and federal borrowing. Here is what the increase means for businesses, consumers, housing and government interest costs. Key Takeaways The 30-year Treasury … The post U.S. Bond…