Taking the pulse of the U.S. bond market

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 6 December 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’re geeking out over the bond market. The yield on the benchmark 10-year Treasury note has dropped from a few weeks ago and now sits close to 4.1%. We’ll unpack what a bond market rally could mean for the Federal Reserve’s interest rate decision-making as well as for the average American. Plus, what happens when someone says they intend to abuse their power? We’ll get into former President Donald Trump’s remarks at an Iowa town hall last night.

Here’s everything we talked about today:

- “United States Rates & Bonds” from Bloomberg

- “Former House speaker Kevin McCarthy to resign from Congress at end of year” from The Guardian

- “Tuberville drops hold on military promotions” from NPR

- “Trump’s ‘dictator’ remark jolts the 2024 campaign — and tests his GOP rivals on debate day” from Politico

- “She spent a month trying to help stray dog whose head was stuck in a jug” from The Washington Post

- “Woman who threw Chipotle order at worker can work off jail time at fast food restaurant” from Fox8

- Sailor Cole Brauer on Instagram

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Transcript

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0:00.0	Hi, this is Tavis from Gaviota, California.
0:06.0	Marketplace and Make Me Smart have had a significant impact on the direction of my life.
0:11.0	I cannot express how thankful I am for Marketplace as it got me through
0:15.2	undergrad a failed political campaign grad school and every moment when I thought the world
0:21.0	was doomed. I donate to say thank you for being part of my life.
0:26.3	Join me by baking a gift to marketplace today at marketplace.org
0:29.6	slash donate and thanks.
0:38.0	All right, you're ready? Yeah, let's go.
0:40.0	Well, Carlos, let's go. Hello everyone, I'm Kimberly Adams.
0:47.0	Hello everyone, I'm Kimberly Adams.
0:50.0	Welcome back to Make Me Smart, where we try to make today make sense as best we can I'm
0:56.0	car res now it is Wednesday today the sixth of December I think yes it is in
1:01.6	fact the sixth yes it is indeed and so today we are going to do
1:06.2	some news then we're going to do some smiles and we actually both have some
1:09.5	smiles today so let's I know let's get into it.
1:13.0	Kay you can go first.
1:14.0	All right, I will do what I do often on this podcast and just geek out a little bit on the bond market.
1:20.0	So we cover the bond market every day on marketplace even if it's only aligned at the end of the numbers.
1:25.0	It is important the bond market is for two reasons and I'm talking specifically here about the US Treasury market.
1:31.0	It is the biggest and most liquid Treasury market on the planet.
1:34.4	US government debt is sacrosanct and at least until Congress decides it to not and so
1:40.1	people trade in US government debt all the time.
	...

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