A high T-note yield could affect your wallet

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 3 October 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The yield on 10-year Treasury notes hit the highest level since 2007 — not the best era to bring back, economically speaking. This is bad news for the government’s ability to borrow money, and it’s also not great for everyday Americans who plan to take out a mortgage or pay off their car. We’ll dig into why. Plus, attendance climbs at MLB games, the latest federal JOLTS report shows unexpected strength in the labor market and former Yellow truck drivers struggle to find jobs.

Transcript

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0:00.0	This marketplace podcast is supported by Nuveen.
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0:29.4	Investing involves risk, loss of principle is possible.
0:32.8	This marketplace podcast is supported by West Monroe,
0:35.8	the creators of the award-winning This Is Digital Podcast,
0:39.0	now in its third season.
0:41.0	Each episode features organizational leaders
0:43.5	sharing behind-the-scenes stories
0:45.2	of their digital transformation journeys,
0:48.1	gain insight and inspiration
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1:00.4	It's been a while, I think,
1:02.4	since we've had a good bond market story.
	...

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