US Treasury yields hit the highest level since October 2023 this week.Strong economic data has dimmed rate-cut views.Trump's economic plans are also causing markets to worry about inflation spiking again.

Investors have shifted from thinking higher Treasury yields are an unwelcome side effect of the stronger growth promised by Trump, to worrying that higher borrowing costs might end up being very important.

Dreyfuss LONDON/NEW YORK (Reuters) -A sharp selloff in some of the world's biggest government bond markets and a continued rise in the dollar sent shockwaves through financial markets, with the pain seen deepening as uncertainty grows over U.

The biggest story in finance is that longer-term bond yields are rising. The yield on the 10-year Treasury, at about 4.7%, is the highest since April, even though the Federal Reserve’s overnight rate is now a percentage point lower than it was then.