NEW YORK (AP) — The bond market is usually a quiet corner of Wall Street, one where moves get measured in hundredths of a percentage point. But the warning signals it sends can be powerful enough to drag stock markets up and down and in the past have even convinced President Donald Trump and other world leaders to back off some of their most extreme actions.
It's making noise again.
Bond markets around the world have seen yields climb to heights not reached in years and, in some cases, decades. Atop the litany of reasons for that is oil prices and whether they will stay high because of the war with Iran. Worries about big and growing debts for the U.S. government and others are also influencing bond markets.
