BOND YIELDS ARE SPIKING WORLDWIDE. YOUR MORTGAGE IS ABOUT TO FEEL IT

Government borrowing costs are surging globally: the US 30-year yield hit a 19-year high this week, Japan's a three-decade high, and Europe's long bonds levels unseen since 2008. The cause is sticky inflation, high oil and a ballooning deficit, and it makes everything from mortgages to car loans pricier.