4 Ways Surging Bond Yields Will Impact Life for Everyday Americans

• Bond yields are surging toward 5%, influencing consumer finances and the economic outlook.
• Rising yields can be a double whammy for retirement accounts, negatively affecting stock and bond prices.
• Higher interest rates also increase the cost of homes, car loans, and credit card debt.

Bond yields are surging toward levels not seen in more than a year, driven by concerns that President-elect Donald Trump’s wide-reaching tariff plan will spur a rebound in inflation.