High bond yields threaten fast food industry and other sectors

Bond yields have surged, indicating a sell-off in long-term US debt. This rise in yields comes as economic data shows growth in the job market and GDP, and the Federal Reserve signals higher interest rates to combat inflation. Analysts suggest that these rising yields could pose a threat to industries such as fast food, as weight loss drugs like Ozempic reduce demand for unhealthy products. Credit defaults swaps on major companies like McDonald's and Pepsi are being recommended as a way to protect against this potential risk.