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And they’ve been rising amid growing concerns over inflation and other economic and geopolitical issues.not necessarily terrible for your money in all instances.For example, if you have savings to invest?Higher bond yields are “unequivocally good news,” said Collin Martin, head of fixed income research and strategy at the Schwab Center for Financial Research.Here’s a look at how today’s bond yields may affect your money in six different situations.Say you bought a 2-year Treasury bill at 3.4% at the end of February, Martin said. You have about 18 months left to maturity. But today you could get another 18-month bill for 4.3%. However, you’d lose some principal if you were to sell your current 2-year back into the market. 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