Bond Market Sell-Off: Higher Yields, Stronger Fundamentals

Government bond yields have risen sharply, driving borrowing costs to their highest levels in years and extending the bond-market sell-off. Despite the significant rate repricing, the S&P 500 remains near record highs and credit spreads are still tight, signaling limited risk-off contagion so far but leaving markets exposed if higher yields begin to pressure equities and corporate financing conditions.