The melody of a yield curve
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 20 December 2021
⏱️ 8 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/b08546bc-7eee-4c25-9e5c-db458728e4c2
US president Joe Biden suffered a blow to his efforts to pass his signature $1.75tn social spending bill when Joe Manchin, the pivotal Democratic senator from West Virginia, explicitly rejected the package, European countries are tightening restrictions to reduce the spread of Omicron after the Netherlands reimposed a strict nationwide lockdown on Saturday, and FT capital markets correspondent Tommy Stubbington explains why the yield curve is so important to investors using a musical interpretation of the all-important chart.
European countries impose travel curbs to slow Omicron’s spread
https://www.ft.com/content/3316b665-9bfa-4e7e-ae68-c46601950cef
Millions to lose child benefit as Biden social spending bill is delayed - with Taylor Nicole Rogers
https://www.ft.com/content/9f4f23ca-304f-4738-807f-17a24ca6e82c
Joe Manchin says he will vote against Biden spending bill
https://www.ft.com/content/a979165a-fd1c-4b85-8604-28085e2c0c9b
The yield curve: why investors are watching closely - with Tommy Stubbington
https://ig.ft.com/the-yield-curve-explained/
VIDEO: Sonification: turning the yield curve into music
https://www.ft.com/content/80269930-40c3-11e9-b896-fe36ec32aece
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.6 | Good morning from the Financial Times. |
| 0:02.7 | Today is Monday, December 20th, |
| 0:04.8 | and this is your F-T news briefing. |
| 0:09.2 | In today's episode, we're going to listen to Yield Curves. |
| 0:12.7 | Investors pour over these charts of U.S. government bond yields |
| 0:15.9 | to find out where the world's biggest economy is headed. |
| 0:19.1 | What can we learn by listening to them? |
| 0:21.3 | Broadly speaking, going up is good news |
| 0:23.0 | or at least a kind of, we're living in a normal world. |
| 0:25.4 | Flap, you're hearing some cause of concern |
| 0:27.3 | and then descending is a flashing warning sign. |
| 0:30.0 | Our capital market's correspondent, Tommy Stubbington, |
| 0:32.4 | will be our musical guide. |
| 0:34.6 | We'll also look at new COVID restrictions in Europe |
| 0:37.3 | and how a battle in U.S. Congress |
| 0:38.9 | over Biden's latest spending bill |
| 0:40.8 | will affect millions of families. |
| 0:43.4 | I'm Joanna Gell, in for Mark Filipino, |
| 0:45.7 | and here's the news you need to start your day. |
| 0:51.4 | Omicron is spreading across Europe |
| 0:54.0 | and countries are moving to try to contain it. |
| 0:56.8 | The Netherlands has imposed a nationwide lockdown |
... |
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