Investors are demanding even higher interest rates on long-term government bonds, because right now, there are a number of factors that could cause the value to fall.
Midsize companies have been taking out lots of loans from regional banks, but rising rates could squeeze them as they refinance loans they took out during the pandemic.
JPMorgan Chase, Goldman Sachs, Wells Fargo, and Citigroup report third-quarter results on Tuesday, giving the first detailed look at how the Fed's rate hike and rising long-term bond yields are working through the economy.