And please correct me if I am wrong but when you own a bond someone owes you money. Thus the low rate of interest. (Very low risk vouchsafed by nation states.)

And please correct me if I am wrong but when you own a bond someone owes you money. Thus the low rate of interest. (Very low risk vouchsafed by nation states.) If bond rates start going up then...? Bad for governments looking to finance services? As you can see, I'm really trying to understand from whence the article's tone. Who's gonna get burnt? Probably Joe Schmoe again, huh.