What will rising bond yields mean if the economy keeps heating up?

The Fed is expected to raise interest rates multiple times this year, which could affect interest rates and yields in the broader bond market. Today a top bond trader at Goldman Sachs forecast the yield on the 10-year Treasury will rise to as high as 3.5 percent by the summer. We haven’t been in a world of rising bond yields for quite awhile. So what does this mean?

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