In the U.S., it’s partly due to expectations of a stronger, more inflationary future economy with bigger budget deficits.

Investors expect a healthy economy and strength in the private sector, which is limiting the rise in corporate bond yields.

Falling interest rates on Treasuries could lead to lower mortgage rates, which are key to a recovery in the housing market.

Rising bond prices mean lower interest rates, indicating that the market is betting on rate cuts by the Federal Reserve.

What are they saying?

Federal Reserve chair Jerome Powell said that we “don’t really know” why long-term bond yields have been going up.

The Bank of Japan’s “yield curve control policy” could be on its way out as central banks around the world raise rates to beat inflation.

Both government and corporate bond yields have been climbing. For many companies, though, higher revenue more than covers the cost.

The yield on the 10-year Treasury briefly hit 5%, the highest level since 2007. A resilient economy and expanding debt are pushing rates up.

If the Federal Reserve needs to keep interest rates higher to continue battling inflation, 10-year yields will have to compete.