By Jeanne Sahadi, CNN (CNN) — 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.
Bond yields that "are skyrocketing." "mass sales" of global bonds. There were a lot of worrying words in the headlines of the last few days. But what does that mean for you and your money? As always, the answer is: it depends.