Global bond markets are under pressure as yields rise, sparking concerns about government finances and borrowing costs. The U.S. 10-year Treasury yield hit a 14-month high on Monday. Japan's 10-year bond yield surged to a 13-year high, and India's 10-year yield climbed to a two-month peak. In contrast, China's bond market saw record lows, prompting central bank intervention. Analysts cite fewer anticipated Fed rate cuts, rising deficits, and elevated debt issuance as key drivers of the sell-off. Higher yields are increasing debt servicing costs for governments and businesses, potentially dampening economic growth and consumer confidence.