Buying a bond is usually like going for ice cream (to a regular ice cream place): You pick your flavor, you pay, you enjoy a nice, predictable payoff. Lately though, that’s not the deal.

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

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

Investing in long-term government bonds and mortgage-backed securities hurt the bank as interest rates rose and bond prices plummeted.

“The long-term implications are severe,” one expert says, and can scare away foreign investors.

The government needs to plow out of a lot of debt from previous COVID-19 rescue packages and the potential $1.9 trillion in additional aid.