Bonds are the primary tool used to fund governments, and corporations. They are also used to finance churches, schools, and civic improvements of all kinds. This is a big market to say the least. If rates go up, the cost of obtaining goes up. If rates go down bonds are less attractive to investors.
I think I wrote that correctly. Bond prices are tricky.
Below is a daily chart for bond prices. It reflects the price action for 2018.
Bond prices continue to fall, but the past 2 weeks seem to be mostly flat. This is relatively good. Stable bond prices mean stable interest rates.
Those people who hold adjustable rate mortgages or credit cards fear higher interest rates. Higher interest rates mean higher payments. Falling bond prices mean higher interest rates.
Here is today's beauty.