Turmoil in Treasury bond yields sparks global worries: What to know

U.S. bond yields are rarely a burning issue with the general public.

But that’s changed this week as a spike in yields has hit the front pages and TV newscasts.

Yields on 30-year U.S.

Treasury bonds hit their highest point in almost two decades on Tuesday.

The rise prompted Treasury Secretary Scott Bessent to step in with a buyback...