00:00Long-term borrowing costs are climbing fast, and the pressure is spreading worldwide.
00:05A renewed global bond sell-off has pushed the 30-year Treasury yield to its highest level since 2002,
00:11according to the Financial Times. Zero Hedge reported the same move, noting that futures
00:17slid from a record as oil jumped following tanker attacks near the Strait of Hormuz.
00:23Fox Business said yields are hovering near multi-year highs across the board.
00:28Rising yields can lift mortgage, loan, and credit card rates, so watch how markets settle in the days ahead.
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