But it was surging bond yields, not plunging stocks, that got the White House’s attention.

These are seen as a safe-haven because the US government is considered very likely to repay its debt.

“Right now, it’s wait and see.”

What do rising bond yields mean for your money?

It’s important to remember that market responses don’t necessarily portend what will happen down the road.

Smart personal finance meansavoiding knee-jerk reactionsto news headlines.