What do rising global bond yields mean for borrowers?

Government bond yields are surging around the world. France's 10-year yield hit levels not seen since 2002, and five-year government bond yields are up 20 basis points in Canada, and 50 in the U.S. over the past month—driven by shifting interest rate expectations and growing fiscal concerns. The U.S. deficit is ballooning, though strong growth offers some cushion. Canada's softer economy and stable debt outlook are carving out an entirely different path. In this episode of The 10-Minute Take, Carrie Freestone and Claire Fan break deep dive into the global bond sell-off, and how rising yields are already reshaping borrowing costs before central banks even act.