The Zip (ASX:Z1P) share price has slumped 26% in 8 days

Despite nearly doubling this year, Zip Co Ltd (ASX: Z1P) shares have taken a beating in the last two weeks. As the trading week draws to an end, the Zip share price is sitting on falls of more than 26% since the market’s close on Tuesday last week. 

So what’s going on?

Why is the Zip share price so volatile this week? 

The Zip share price has slumped by more than 18% this week alone despite the company reporting strong levels of growth across the board in its FY21 half-year result. 

Results aside, the broader market could be the one to blame for the weakness in the Zip share price. 

This week, rising bond yields have taken centre stage as higher yields signal higher borrowing costs and inflation.

Higher borrowing costs…