Yields on benchmark bonds around the world have been rising for a few months and shot up particularly sharply in the past week.

The reason for this is that growth prospects are improving.

That's a good thing on Central banks will be delighted the economy is set to bounce back strongly.

After all, it's something that they've been trying to ensure will happen by cutting interest rates to zero or below on by purchasing ah lot of government bonds, especially since the pandemics drug.

But they may be less happy with the effect that all this is having on yields thes air yields that act as the benchmark for borrowing costs across the whole economy.

For example, the 10 year Treasury note yield hit a one year high on Thursday and is nearly double what it was only a few months ago.

Central bankers air taking a mentioned approach at the moment.