{video} The global sell-off in bonds is a sign of acceptance that higher interest rates will be around for longer, experts say, noting that the shift holds implications for borrowing rates and mortgage holders. Here’s what Canadians should know: Yields among both the U.S. and Canadian bond markets hit 16-year highs earlier this week. The trend comes after fresh signals from central banks in both countries suggesting elevated interest rates will last for some time yet. The Bank of Canada has hinted that elevated rates may be here for a while, emphasizing the “ongoing concern” in inflation data to thwart expectations ... (full story)