Trouble in US bond market could mean higher prices are here to stay

Concerns over rising inflation, continuing war with Iran, and the US's record national debt have shaken the market

Americans who have been grappling with the higher cost of living over the last few years now face another issue: trouble in the US bond market that could mean elevated costs are here to stay.

US government bonds - known as treasurys - are supposed to be the most stable type of investment vehicle. But investor concerns over issues including rising inflation, the continuing war with Iran, and the US's record national debt have shaken the market and slowed demand for US treasury bonds.