Ticker

The Fed is likely to be less concerned that a rate hike will damage the labor market.

Bond ETFs can be a safer alternative to stocks during market volatility. Another appeal is their potential to protect against inflation.

The S&P 500 has risen about 2.6% since late June despite a global bond market selloff that pushed 10-year Treasury yields to a high of 4.815%.

The 10-year Bund yields reached their highest since 2011 and yields on U.K. 10-year government bonds climbed to their highest level since 2007.

Many factors are sending yields higher, but rising energy costs are the inflationary trigger