债券市场的动荡正迫使投资者预判经济及其投资组合的走向。10年期美国国债收益率近期突破5%，创下19年新高。美国债务已突破创纪录的40万亿美元。与伊朗的战争正推高油价。市场预计美联储将继续加息以抑制通胀，这意味着抵押贷款和其他借贷成本短期内不会明显缓解。
Trouble in the bond market is forcing investors to anticipate where the economy—and their portfolios—are headed. The yield on the 10-year Treasury note recently surged past 5% to hit fresh 19-year highs. U.S. debt has topped a record $40 trillion. War with Iran is pushing oil prices higher. The Federal Reserve is expected to keep raising interest rates to tame inflation, suggesting mortgage and other borrowing costs won’t meaningfully ease soon.