00:00U.S. government borrowing costs have just climbed to their highest level in decades.
00:04Treasury yields surged this week, the sharpest jump since the tariff shock earlier this year.
00:11Investors are increasingly betting the Federal Reserve will raise interest rates,
00:15and the move rippled across global bond markets.
00:19Higher yields raise the cost of borrowing for governments, companies, and households alike.
00:25Financial and right-leaning outlets are now debating what the sell-off signals for the dollar
00:29and the wider economy.
00:31Attention next turns to the Fed's coming decision on rates.
00:35The full story is in the description below.
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