The bond market reflects where investors think the economy is headed, long-term.

Foreign investors would also pull their money out of the U.S.

But it would likely come with a side order of inflation.

They’re worried about deficits.

In the U.S., it’s partly due to expectations of a stronger, more inflationary future economy with bigger budget deficits.

Investors expect a healthy economy and strength in the private sector, which is limiting the rise in corporate bond yields.

Falling interest rates on Treasuries could lead to lower mortgage rates, which are key to a recovery in the housing market.

Rising bond prices mean lower interest rates, indicating that the market is betting on rate cuts by the Federal Reserve.

What are they saying?

Federal Reserve chair Jerome Powell said that we “don’t really know” why long-term bond yields have been going up.