by Justin Spittler
Government bonds are taking a beating.
Over the past three months, the yield on the U.S. 10-year Treasury has surged from 1.37% to 1.80%. It’s now at its highest level since June. (A bond’s yield rises when its price falls.)
This has many investors worried…and not just in the U.S.
On Monday, the yield on the German 10-year hit a four-month high. Same with the British 10-year. According to Bloomberg Markets, government bonds had one of their worst selloffs in months.