Why Rising Global Bond Yields Are Worrying Investors

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  Bond yields around the world are rising.

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  A sign that investors are worried.

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  You're really entering a kind of a dangerous territory there

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  because when central banks lend a helping hand,

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  it has happened before in history, to a government to pay the bills.

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  That's tantamount to money printing.

• 00:20

  Plus, Florida may become the first state to end vaccine mandates.

• 00:25

  And here's what we know about America's approximately 1,100 billionaires.

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  It's Wednesday, September 3rd.

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  I'm Alex O'Sullivan for The Wall Street Journal.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

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  Global bond yields are on the rise.

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  Yesterday in the UK, the yield on 30-year guilts,

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  their equivalent of bonds, hit its highest level since 1998.

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  Long-term yields recently hit multi-decade peaks in France and Japan, too.

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  In the US, the 30-year Treasury yield pulled back after briefly topping 5% this morning.

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  For more, I'm joined now by WSJ investing columnist Spencer Jacob.

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  Spencer, what is going on?

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  Why is this happening?

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