CHARLOTTESVILLE, Va., Sept. 14 -- The University of Virginia issued the following news release:
With energy prices up nearly 15% in the last year, food costs rising about 3% and overall inflation up 3.4%, there seems to be enough to worry about. Now, 10-year U.S. Treasury bond yields have climbed to 4.96%.
It may not seem like rising Treasury yields should perturb your purse, but finance experts say higher rates can mean higher costs for everything from car loans and mortgages to credit card debt.
To learn more about short-term Treasury bills and longer-term bonds, the market and impact on consumers, UVA Today reached out to Rodney Sullivan, the executive director of the Mayo Center for Asset Management at the University of Virginia's Da...