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Bond market sell-off threatens higher borrowing costs. Here is what it means for your money. - CBS News

Bond market sell-off threatens higher borrowing costs. Here is what it means for your money. - CBS News

The yield on the 30-year Treasury this week hit its highest level since 2007, a rise that could put upward pressure on borrowing costs.

A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or carโ€ฆ [+4409 chars]

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