EXPLAINER: What's behind the selloff in world bond markets?

Government borrowing costs from the United States to Germany and Japan are at or near multi-decade peaks on heightened worries about inflation and rising interest rates, along with nagging anxiety about their debt loads.Elevated bond yields could squeeze households and companies as well as exacerbating government finances.Here's a look at what's behind the move in some major economies.WHAT'S GOING ON?Japan's 10-year bond yield JP10YTN=JBTChit 3% on Tuesday for the first time since 1996, a milestone for an economy still emerging from an era of ultra-low rates.Britain's 30-year borrowing cost…READ FULL ARTICLE