Entertainment

Prince William heartbroken as Harry’s Diana remarks in US interview shows ‘resentment’ | Royal | News

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Prince William was infuriated by his brother’s latest controversial interview on US television, according to a royal expert. Prince Harry told NBC’s Today programme this week that his late mother “has done her bit” to get his brother William set up with his family and she is now “helping my family”. The Daily Mail’s Royal Editor Rebecca English said that the remarks “show Harry’s general level of resentment against his brother”.

Speaking to MailPlus’ Palace Confidential, Ms English said: “Rather than reconciliation, the visit and interview will only add to the sense of weariness that many members of the Royal Family have when it comes to Harry now.

“Possibly not for the Queen. She is very keen to keep lines of communication open with him.

“She loves her grandson. Her ability to separate royal matters and family is remarkable.

“But I don’t think that is the same for other members of the family, particularly the Prince of Wales who is said to be at the end of his tether over this interview and Prince William.”

JUST IN: Ferrari left speechless after Meghan’s half-sister raises absurd claim

Ms English continued: “What William will find particularly hurtful is the comments Harry made about their later mother Diana.

“Harry commented about how he feels Diana has done her bit for William in looking after him and his children.

“And now it’s time she is focused on him, which is quite a peculiar thing to say.

“I think it shows Harry’s general level of resentment against his brother.

“From Williams’s point of view, in the past, he has made it clear that he finds this kind of attempt of ownership of his late mother quite crass.

He added: “The circumstances are obviously different but I feel her presence in almost everything that I do now.

“But definitely more so in the last two years than ever before, without a question. She’s watching over us.”

He said that he was “sure” Diana would be proud of him.

Also during the interview, Harry dodged questions on whether he misses his father Charles and brother William

When questioned about Charles and William, the Duke told presenter Hoda Kotb: “For me at the moment, I’m here focused on these guys and these families and giving everything that I can, 120 percent to them, to make sure they have the experience of a lifetime.

“That’s my focus here. And when I leave here, I get back and my focus is on my family who I miss massively.”



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Business

Indonesia, the world’s top cooking-oil exporter, says it’s going to ban exports of the oil this week, and it’s sent the global prices of edible oils soaring

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Indonesia is the world’s largest palm oil exporter.Azwar Ipank/AFP via Getty Images

  • Top palm-oil exporter Indonesia is planning to ban exports from this Thursday.

  • Palm oil is the world’s most widely used vegetable oil used in cooking and a wide range of consumer products.

  • Palm oil and competing soybean oil prices are jumping on news of the ban.

The world’s top palm-oil producer announced that it will ban exports of the commodity starting Thursday, sending the prices of edible oils soaring.

Indonesia accounts for about half of the world’s supply of palm oil, the world’s most widely used vegetable oil. Palm oil is used for cooking and for the production of thousands of consumer products including biscuits, detergents, and lipsticks.

In a video statement on Friday, Indonesian President Joko Widodo said the move was designed to bring down domestic palm-oil prices and ensure domestic food availability in the wake of global food inflation.

“I will monitor and evaluate the implementation of this policy so availability of cooking oil in the domestic market becomes abundant and affordable,” Widodo said, per a Reuters translation.

The move comes as Indonesia has seen recent protests over the high prices of cooking oil, with retail prices gaining more than 40% so far this year, according to Reuters.

The ban is expected to be in place until further notice. Indonesian palm-oil exports are worth about $30 billion in 2021, according to data provider Statista.

Indonesia’s finance minister Sri Mulyani Indrawati told Reuters on Friday the palm oil ban would hurt other countries, but that it was necessary to contain the soaring domestic prices of cooking oil.

Benchmark crude palm-oil futures on the Bursa Malaysia exchange jumped as much as 7% on Monday morning. They are up over 40% year-to-date.

Alternative vegetable-oil prices also spiked in response to the impending ban on palm-oil exports in Indonesia. Benchmark Chicago soybean oil prices hit their highest levels since 2008, Reuters records show.

Prices of edible oil — including palm oil — have been rising due to the war in Ukraine, as the country is a large sunflower oil exporter. “Edible oils are often interchangeable, so a shortage of one type exerts pressure on the others,” GRO Intelligence, a global agriculture data analysis firm, wrote in an April 23 note.

Gains in vegetable-oil prices are outpacing overall food-price increases, GRO Intelligence wrote in the report. US prices of a basket of common vegetable oils are up 41% on year, while food prices are up 25% on year.

“Indonesia’s ban on exports is likely to further fuel global food inflation,” the firm added.

Read the original article on Business Insider



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US

Los Angeles police officers injured in vehicle crash while responding to an emergency call in downtown LA

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LOS ANGELES (KABC) — Two Los Angeles police officers were among three people taken to a local hospital after a car crash in downtown L.A.

Officials say all three suffered non-life-threatening injuries and are in stable condition.

The crash happened Sunday just after 4 p.m. in the 1000 block of S. Main Street, near the entertainment complex L.A. Live, officials said.

The L.A. Fire Department, who responded to the scene, initially reported that the crash happened at the end of a pursuit. LAPD later said the officers were actually responding to a report of a man with a gun.

As the officers crossed the double yellow line to try and get around traffic with their lights and sirens on, the agency said a van made a left turn and collided with the police vehicle.

Two other people declined medical treatment following the crash, according to LAFD.

No further details were immediately known.

Copyright © 2022 KABC Television, LLC. All rights reserved.



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Sports

Miami Heat get ‘gnarly,’ crash Atlanta Hawks’ party to take 3-1 series lead

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ATLANTA — There were plenty of signs pointing to a potential letdown for the Eastern Conference’s top-seeded Miami Heat in Sunday’s Game 4.

Kyle Lowry was a late scratch because of a left hamstring strain. The Atlanta Hawks’ defensive anchor, Clint Capela, returned from a hyperextended right knee to make his series debut. The State Farm Arena crowd, still hyped from Trae Young’s game-winner on Friday, looked to cap a beautiful spring weekend in The A with a series-tying win for their underdog Hawks, where the home team had won 21 of its last 24 games.

Instead, Miami dominated with its defense in a 110-86 victory in what was its best showing of the postseason so far — all things considered — to build a 3-1 lead on the No. 8-seeded Hawks.

“We have some gnarly competitors in our locker room that love big challenges,” Heat coach Erik Spoelstra said.

Miami’s game plan was simple: Try to control the ball and contain Young. Coming off 14 turnovers in Game 3 and playing without their point guard in Lowry, the Heat displayed magnificent poise on the offensive end and finished with just seven turnovers, compared to 15 for Atlanta. Most of those came in garbage time as Miami only had two miscues as a team by the end of the third quarter when it had already built a 19-point lead.

The Heat’s zero turnovers in the first half were a playoff franchise record, according to ESPN Stats & Information research.

“Everybody to a man in that locker room knew that we couldn’t have a 15-20 turnover game,” Spoelstra said. “That was going to ignite this crowd, ignite that team, so we had to be very coherent with our execution without our quarterback.”

And Young, the breakout star of last year’s playoffs, continued to struggle mightily against Miami. As heroic as his final flourish was in Game 3, the rest of the series has been a nightmare for the fourth-year guard. The Heat held him to nine points on 3-for-11 shooting with five turnovers on Sunday, mirroring his underwhelming efforts in Game 1 (eight points on 1-for-12 shooting) and Game 2 (10 turnovers and 2-for-10 shooting from 3).

“I haven’t been guarded like this … consistently, since high school,” Young said afterwards.

Sunday marked the first game of Young’s four-year career — regular season and postseason combined — where all of his points came on 3-pointers. It was also the first time in his career when he failed to attempt more than one shot from 2-point range. For the series, Young now has 24 turnovers and just 20 made field goals.

Jimmy Butler, who led Miami with 36 points on 12-for-21 shooting, 10 rebounds, four assists and four steals, said it’s been the Heat’s team approach that’s made the difference against Atlanta’s star, rattling off eight names — P.J. Tucker, Gabe Vincent, Caleb Martin, Victor Oladipo, Max Strus, Duncan Robinson, Tyler Herro and Lowry — who have shadowed Young 1-on-1 so far.

“You constantly have to have your head on a swivel if you’re him,” said Butler.

And Tucker, who had 14 points on 5-for-7 shooting, eight rebounds and three assists, said part of Miami’s plan was to target Young when it had the ball on offense.

“He’s too good of a scorer not to make him work on defense,” said Tucker, who posted Young up several times Sunday.

Vincent (11 points, four assists) was steady starting in Lowry’s place and Oladipo also benefited from the playing time opened up by the point guard’s absence. The former All-Star guard scored just six points on 3-for-10 shooting but had four assists and more rebounds than Capela (eight to seven) in making his postseason debut for Miami.

Miami outscored Atlanta by 28 in the 23 minutes Oladipo was on the floor.

“He’s really worked diligently, he’s made himself available,” Spoelstra said of Oladipo, who has missed most of the last three seasons because of knee and quadriceps injuries. “You don’t love it that it’s under these circumstances but we knew something would happen — as it always does with every team in the playoffs — because of that energy that he’s giving into this, he was prepared for it. He gave us some really good two-way minutes.”

The Heat can closeout the series in Tuesday’s Game 5 and would play the winner of the Philadelphia-Toronto series in the second round. The 76ers are up 3-1.

“Tonight was a good one, but we got another one that we got to get,” Butler said.

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Science

First all-private astronaut team aboard space station undocks for flight home

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April 24 (Reuters) – The first all-private astronaut team ever to fly aboard the International Space Station (ISS) departed the orbiting outpost on Sunday to begin a descent back to Earth, capping a two-week science mission hailed as a milestone in commercial spaceflight.

A SpaceX Crew Dragon capsule carrying the four-man team from the Houston-based startup company Axiom Space undocked from the ISS at about 9:10 p.m. EDT (0110 GMT Monday) to embark on a 16-hour return flight, a live NASA webcast showed.

The Axiom astronauts, garbed in their helmeted white-and-black spacesuits, were seen strapped into the crew cabin shortly before the spacecraft separated from the station, orbiting some 250 miles (420 km) above Earth. A couple of brief rocket thrusts then pushed the capsule safely clear of the ISS.

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If all goes smoothly, the Dragon capsule, dubbed Endeavour, will parachute into the Atlantic off the coast of Florida on Monday around 1 p.m. EDT (1700 GMT).

The flight home was postponed for several days due to unfavorable weather at the splashdown zone, extending the Axiom crew’s stay in orbit well beyond its original departure date early last week.

The multinational team was led by Spanish-born retired NASA astronaut Michael Lopez-Alegria, 63, Axiom’s vice president for business development. Larry Connor, 72, a real estate-technology entrepreneur and aerobatics aviator from Ohio, was the second in command.

Rounding out the Ax-1 crew were investor-philanthropist and former Israeli fighter pilot Eytan Stibbe, 64, and Canadian businessman and philanthropist Mark Pathy, 52, both serving as mission specialists.

The International Space Station (ISS) is photographed by Expedition 66 crew member Roscosmos cosmonaut Pyotr Dubrov from the Soyuz MS-19 spacecraft, in this image released April 20, 2022. Pyotr Dubrov/Roscosmos/Handout via REUTERS

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Launched from NASA’s Kennedy Space Center on April 8, they spent two weeks aboard ISS with the seven regular, government-paid crew of the space station: three American astronauts, a German astronaut and three Russian cosmonauts.

The Axiom quartet became the first all-commercial astronaut team ever launched to the space station, taking with them equipment for two dozen science experiments, biomedical research and technology demonstrations to conduct in orbit. read more

Axiom, NASA and SpaceX have touted the mission as a turning point in the expansion of privately funded space-based commerce, constituting what industry insiders call the “low-Earth orbit economy,” or “LEO economy” for short.

Ax-1 marks the sixth human spaceflight SpaceX has launched in nearly two years, following four NASA astronaut missions to the ISS, plus the Inspiration 4 flight in September, which sent an all-civilian crew into Earth orbit for the first time, though not to the space station.

SpaceX, the private rocket company founded by Tesla Inc (TSLA.O) electric carmaker CEO Elon Musk, has been contracted to fly three more Axiom astronaut missions to the ISS over the next two years. The price tag for such outings remains high.

Axiom charges customers $50 million to $60 million per seat, according to Mo Islam, head of research for the investment firm Republic Capital, which holds stakes in both Axiom and SpaceX.

Axiom also was selected by NASA in 2020 to build a new commercial addition to the space station, which a U.S.-Russian-led consortium of 15 countries has operated for more than two decades. Plans call for the Axiom segment to eventually replace the ISS when the rest of the space station is retired around 2030.

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Reporting by Steve Gorman in Los Angeles; Editing by Sandra Maler and Bradley Perrett

Our Standards: The Thomson Reuters Trust Principles.

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World

Japan missing boat: Eleven confirmed dead, including child, after Kazu 1 goes missing

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A child passenger who was rescued on Sunday has died, becoming the latest victim, a spokesman for the Japanese Coast Guard said Monday.

The other victims included seven men and three women, some of whom were found unconscious in the water, and others who washed ashore, the regional office for Japan’s coast guard told CNN.

The 26 people on board included 24 tourists, the captain, and a crew member. Two of the passengers were children.

The boat, Kazu 1, was on a sightseeing tour around the scenic Shiretoko Peninsula on Japan’s northernmost main island of Hokkaido when it apparently got into difficulties.

Authorities lost contact with the crew on Saturday afternoon; the crew reported that water was flooding into the stern of the vessel and it had started to sink, Japan’s public broadcaster NHK said.

The crew said the boat was keeling at a 30-degree angle, and those on board were wearing life jackets, NHK reported.

Authorities believe the vessel sank, but an investigation is still underway.

Patrol boats, aircraft and helicopters are continuing to search for the remaining 16 people who were onboard at the time.

Local media reported waves in the area were up to three meters (9.8 feet) high when the boat issued its distress call.

According to Japan’s Meteorological Agency’s regional website, the temperature of the sea water in the area was a frigid 35 to 37 degrees Fahrenheit (just under 3 degrees Celsius) at the time.

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Sports

Pelicans vs. Suns score, takeaways: New Orleans uses big second half to sink Phoenix in Game 4, even up series

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The New Orleans Pelicans defended home court on Sunday night, pulling away from the Phoenix Suns for a 118-103 victory in Game 4 of their first-round series. Now all tied at 2-2, the series will shift back to Phoenix for a pivotal Game 5 on Tuesday night.

Just as he has all series, Brandon Ingram led the way for the Pelicans, finishing with 30 points, four rebounds and five assists. He was particularly influential in the game-changing third quarter, scoring 18 points as the Pelicans turned a halftime deficit into a double-digit lead. The Pels never trailed again, and pulled away in the middle of the fourth quarter with an energetic run led by the defense of rookies Herb Jones and Jose Alvarado. They also got a big night from Jonas Valanciunas, who went for 26 points, 15 rebounds and four assists.

Deandre Ayton had 23 points for the Suns, while JaVale McGee added 14 off the bench on a perfect 7-of-7 shooting performance. Those two being the leading scorers is never a good sign for the Suns, though, and they just didn’t have enough offense in this game with Devin Booker still sidelined with a hamstring injury.  

Here are some key takeaways from the game:

Ingram leads the way

Brandon Ingram had never played in a playoff game prior to this season, a fact he made not of following the team’s play-in victory over the Los Angeles Clippers to clinch the No. 8 seed. 

“Man it feels wonderful,” Ingram said at the time. “Just to have a chance to be in the postseason this year. Never had a winning record, never been in the postseason. To get a chance to showcase my talent on the biggest stage is beautiful.”

He’s taken that chance and then some. On Sunday night he put together another strong performance, finishing with 30 points, four rebounds and five assists for his third straight 30-point game in this series. He is the first player in Pelicans franchise history to accomplish that feat. 

After the Pelicans went cold at the end of the first half and gave up the lead, Ingram set the tone coming out of the break. He either scored or assisted on five straight baskets to start the third quarter, putting the Pelicans back in front for good. Later on, he threw down a huge driving dunk that was the highlight of an 18-point frame. 

This was a bit of a disappointing regular season for Ingram, as injuries limited him to just 55 games. Now that he’s fully healthy, he’s showing why he’s a potential perennial All-Star. If he keeps playing at this level, the Pelicans have a real shot to steal this series. 

Jones and Alvarado put on a defensive clinic

Pelicans rookies Herb Jones (second-round pick) and Jose Alvarado (undrafted) weren’t household names coming into the playoffs, but the duo has earned plenty of recognition over the first four games. Sunday night’s Game 4 was the crowning achievement to this point, as they harassed the Suns all night long and led a key charge in the fourth quarter to help the Pels pull away. 

In the span of a few minutes, Jones blocked a 3-pointer by Mikal Bridges — an astounding display of athleticism and timing — Alvarado forced an eight-second call on Chris Paul and Jones stole a pass in the backcourt before driving in for an and-one on a flagrant foul by Paul. A seven-point lead turned into a 14-point lead and that was the ball game. 

Late in the fourth, Alvarado put a bow on things by finally getting one of his signature sneaky steals on Paul. The veteran notably waved Alvarado away when he tried to pull the move earlier in the series, but he let his guard down late in this game. Alvarado poked the ball away, and in fitting fashion it found its way to Jones for a layup. 

No fourth-quarter magic from Paul

Twice in this series we’ve seen Chris Paul take over the game in the fourth quarter, leading the Suns to wins in Games 1 and 3 with clinical execution down the stretch. His poise and shotmaking in Game 3, in particular, was Hall of Fame stuff, as he put in 19 points and either scored or assisted on nine of the Suns’ 11 baskets in the frame.

There was no such magic on Sunday. In fact, Paul had one of the worst postseason performances of his career, finishing with just four points on 2 of 8 from the field and 11 assists. His four points, 25 percent field goal percentage, zero 3-point makes and zero free throws were all either the worst or tied for the worst in his playoff career. There were also some uncharacteristic lapses down the stretch, as he was called for eight seconds and got stripped by Alvarado on his trademark sneaky steal. 

With Devin Booker still sidelined with a hamstring injury, the Suns simply cannot afford these type of nights from Paul. He doesn’t have to start trying to put up 25-30 per game, but he’s one of the few players they have who can consistently create his own shot and they do need him to pick up even more of the offensive burden if they want to beat this pesky Pelicans team. 

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Sports

Pelicans vs. Suns score: New Orleans uses big second half to sink Phoenix in Game 4, even up series

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The New Orleans Pelicans defended home court on Sunday night, pulling away from the Phoenix Suns for a 118-103 victory in Game 4 of their first-round series. Now all tied at 2-2, the series will shift back to Phoenix for a pivotal Game 5 on Tuesday night.

Just as he has all series, Brandon Ingram led the way for the Pelicans, finishing with 30 points, four rebounds and five assists. He was particularly influential in the game-changing third quarter, scoring 18 points as the Pelicans turned a halftime deficit into a double-digit lead. The Pels never trailed again, and pulled away in the middle of the fourth quarter with an energetic run led by the defense of rookies Herb Jones and Jose Alvarado. They also got a big night from Jonas Valanciunas, who went for 26 points, 15 rebounds and four assists.

Deandre Ayton had 23 points for the Suns, while JaVale McGee added 14 off the bench on a perfect 7-of-7 shooting performance. Those two being the leading scorers is never a good sign for the Suns, though, and they just didn’t have enough offense in this game with Devin Booker still sidelined due to a hamstring injury.  

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Business

Vacation rentals across Middle East look to capitalize on ‘revenge tourism’

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Luxury Explorers has properties like Villa Botanica in the exclusive Emirates Hills, often referred to as the “Beverly Hills” of the UAE.

Luxury Explorers’ Collection

DUBAI, United Arab Emirates — In the Middle East, a new breed of high-end vacation rental firms are scrambling to meet the needs of today’s traveler — who has very different preferences post-pandemic.

The global vacation rental market — valued at $22.7 billion in 2020 — will surpass a whopping $111.2 billion by 2030, according to a Precedence Research study late last year. The research spoke of a “revenge tourism” trend with millennials and the younger generations driving growth during the first few years after the coronavirus pandemic.

According to the analysts, this is mainly driven by the rising awareness among travelers on the extra space and comfort offered by vacation rentals, not to mention, in some extreme cases, the “extras” like high-tech gyms, private cinema screens, smart home appliances, as well the services of personal attendants, butlers, and even chefs. 

One firm looking to cash in on this is Dubai-based travel agency Luxury Explorers. During the pandemic, the company saw which way the wind was blowing and took a leap into the premium holiday homes business, establishing the Luxury Explorers’ Collection in mid-2020.

The firm has properties like Villa Botanica in the exclusive Emirates Hills, often referred to as the “Beverly Hills” of the UAE. Luxury Explorers’ Collection CEO Mohammed Sultan told CNBC: “The idea really started in 2018 when we found out some of our VIP clients working with our agency were keen to spend their holidays in luxury vacation homes and villas when they travel around the world.”

“At that time Dubai didn’t have the level of premium holiday rentals that these clients were experiencing in Southern France, Italy, and Los Angeles — areas which are well developed in terms of short-stay lettings.” 

“It was then we decided to set our sights on pioneering the local market’s evolution by offering high-end properties that are not only visually stunning but at the same time rich with exclusive perks and personalized concierge services.”

Weathered the pandemic storm

The company is a notable UAE success story. It has 20 properties in Dubai — mainly big villas in prime locations or swanky apartments in iconic buildings like the soaring Burj Khalifa — and is expanding fast with five properties set to open in Mecca in Saudi Arabia, and one in Abu Dhabi. Its well-heeled clients include the very wealthy, celebrities, sports personalities, and politicians.

Meanwhile, rentals firm Maison Privee has received recognition in the Middle East with its portfolio of luxury villas, penthouses and apartments. Dubai’s Deluxe Holiday Homes also reported a 150% increase in its property portfolio last year, despite the pandemic travel lull, and short-term rental operator Kennedy Towers has spoken of solid demand in the region.

Globally, rental homes fared better than hotels during the pandemic, according to a 2020 joint study undertaken by research companies STR and AirDNA.

The study covered 27 international markets and found that while demand for both hotels and short-term rentals was badly affected by the health crisis, rentals weathered the pandemic better, primarily because of preferences for larger living spaces, full-service amenities, and the need for social distancing.  

Leading holiday home companies confirm they have indeed seen consistently high occupancy since the beginning of the pandemic. “We’ve been averaging 92% since our inception in August 2020,” Harrison Moore, managing director at Key View Vacation Homes Rental in Dubai, told CNBC.

He added: “So far in 2022 we have seen a year-on-year increase of 33% on our average daily rate. One of the main drivers for this has been Dubai being one of leading innovators when it comes to safety protocols linked to Covid-19.”

Enter hotel brands

Unsurprisingly, major hotel brands have gotten into the vacation rental game. One such venture is Marriott’s rental service called Homes & Villas by Marriott International, which now boasts rental homes in over 100 destinations.  

Marriott’s expansion into this area began after its 2018 pilot project on home rentals, called Tribute Portfolio Homes, revealed that the average guest stay was more than triple that of the typical hotel stay.

On the more budget-friendly side of things, Airbnb has also been doing brisk business in the Middle East for several years, with some Insta-ready homes for rent. These include everything from an ancient riad in Marrakesh — with a courtyard featuring an emerald green pool — to a traditional wooden chalet in the mythic mountains of Lebanon.

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Business

Here’s what a 3% yield on the 10-year Treasury means for your money

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d3sign | Moment | Getty Images

As the yield on the 10-year U.S. Treasury pushes ever closer to 3% — a symbolic level not seen since late 2018 — financial analysts have described how it could affect people’s finances in a number of ways.

Last week, the 10-year rate hit 2.94%, its highest point in more than three years. That’s also a big jump from where the 10-year started the year, at around 1.6%. It’s significant because it is considered the benchmark for rates on all sorts of mortgages and loans.

Soaring inflation, exacerbated by the Russia-Ukraine war, has led to concerns that this could hurt consumer demand and drag on economic growth. In addition, there are fears that the Federal Reserve’s plan to curb rapidly rising prices by aggressively hiking its own funds rate and generally tightening monetary policy could also tip the economy into a recession.

As a result, investors have been selling out of bonds, which pushes yields higher as they have an inverse relationship. So what would it mean for your money if that rate hits 3%?

Loans and mortgages

One consequence of rising yields is higher borrowing costs on debt, such as consumer loans and mortgages.

For instance, Schroders Investment Strategist Whitney Sweeney told CNBC via email that the effect of a higher 10-year yield on college loans will be felt by those students taking federal loans for the upcoming school year.

“The rate is set by Congress who approves a margin applied to the May 10-year treasury auction,” she said, but highlighted that the rate is currently zero for existing federal student loans due to pandemic relief measures.

In addition, Sweeney said private variable-rate student loans would be expected to rise as the 10-year Treasury yield climbs.

Sweeney said mortgage rates tend to move in line with the 10-year Treasury yield. “We’ve already seen a significant uptick on mortgage rates since the start of the year,” Sweeney added.

Bonds

Meanwhile, ING Senior Rates Strategist Antoine Bouvet told CNBC via email that higher interest rates on government debt would also mean higher returns on savings placed in fixed-income securities.

“This also means pensions funds have less difficulties investing to pay future pensions,” he added.

In terms of stock market investments, however, Bouvet said that higher bond interest rates would likely make it a more challenging environment for sectors with companies that tend to hold more debt. This is something that has been associated with technology companies and part of the reason this sector has seen more volatility recently.

Similarly, Sweeney pointed out that when yields were closer to zero, investors had little choice but to invest in riskier assets such as stocks to generate returns.

But as the 10-year Treasury yield approaches 3%, she told CNBC via email that both cash and bonds were becoming “more attractive alternatives as you are getting paid more without taking on as much risk.”

Sweeney said that shorter-dated bonds, in particular, can look more attractive, given this is where significant interest rate hikes have already been priced in.

Stocks

Wells Fargo Senior Macro Strategist Zach Griffiths told CNBC on a phone call that it was also important to understand what higher yields would mean for companies’ future cash flows, when looking at investing in stocks.

He said that one way to value stocks was to project forward the level of free-cash flow the company is expected to generate. This is done by using a discount rate, which is a type of interest rate, informed by Treasury yields. Discounting back to the current cash-flow level comes up with an intrinsic value for a company.

“When the rate used to discount those future cash flows back to the present is low, then the present value of those cash flows (i.e. intrinsic value of the company) is higher than when rates are high due to the time value of money,” Griffiths explained via email.  

Nevertheless, Griffiths said stocks had broadly managed to withstand the uncertainty presented by higher inflation, geopolitical tensions and a more hawkish tone on policy from the Fed.

Griffiths also highlighted that a 3% yield on the 10-year Treasury yield was very much a “psychological level,” given it wouldn’t represent much of an increase from the current rate. He said Wells Fargo expected that the 10-year yield could finish the year above 3%, and didn’t rule out it hitting 3.5% or 3.75%, but stressed that wasn’t the firm’s “base case.”

Check out: How to protect your savings as inflation soars

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