Bond Market Mania: What's Driving the Surge in Yields? The bond market has suddenly become a hot topic as yields soar to multi decade highs.
For Canadians, this means higher borrowing costs and stronger returns on guaranteed investment certificates (GICs).
The sudden surge is largely driven by central banks' efforts to tame inflation and concerns about ballooning government debt. A Global Phenomenon The global bond market is experiencing a sell off unlike any other.