Global bond markets were rattled this week by a sudden jump in Japanese yields, sending U.S. long-term interest rates higher and threatening to push borrowing costs—especially mortgage rates—even further out of reach for millions of Americans.
The 30-year U.S. Treasury yield surged past 4.76% Tuesday, climbing for the third straight session, while the popular iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) fell 1.6% Monday, its sharpest daily drop since late May.
