Around the world, rising bond yields reflect shifting expectations on how fast policymakers will raise interest rates.

In an interview, Italy’s hard-right leader reveals how pragmatism is reshaping her vision for Europe.

© Davide Monteleone for The New York Times

Government bond yields are hitting multi-decade highs, reflecting anxiety about debt levels, deficits and inflation. The effects will extend to mortgages, business loans and other types of credit.

© The New York Times