6 charts show how the surge in bond yields is being felt by consumers and businesses

Bond yields have surged, with the 10-year US Treasury surpassing 5% for the first time in three years. Higher borrowing costs are already affecting consumer products such as mortgages. Six charts illustrate how the rise in borrowing costs is being felt across consumer and corporate debt. The spike in yields has been driven by concerns about the inflationary impact of higher oil prices and worries about America's fiscal position amid surging debt and a widening budget deficit.

Read More