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Economist Podcasts

View to a killing: bond yields rise and rise

Economist Podcasts

The Economist

News & Politics, News

4.35K Ratings

🗓️ 14 January 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

Though central banks have cut interest rates, uncertainty about the future has sent yields sky-high. Our correspondent explains why expectations diverge from the economic data, and the impact on borrowers. Donald Trump’s desire to control Greenland using economic or military force provoked outrage. But could America buy the country (9:01)? And why Singapore’s iconic hawker centres are under threat (17:41). 


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Transcript

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0:00.0

Hi, it's Grace from Working Hard and my podcast is currently sponsored by Premier Inn. Wherever Work takes you in the UK, Premier Inn has you covered with over 800 hotels nationwide. Every room has a super comfy bed and blackout curtains for a great night's sleep, plus handy work spaces if you need to catch up on emails. And in the morning, you can add on an unlimited brecky to fuel your day. What's better than coffee and cuisans for a full day of meetings? So next time you're travelling for work, remember, you'll always get better sleep for your money

0:23.9

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0:30.8

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0:38.8

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0:43.4

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0:46.3

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0:49.8

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0:53.2

Your capital is at risk, Terms and conditions apply.

0:59.0

The Economist.

1:06.1

Hello and welcome to the intelligence from The Economist. I'm your host, Rosie Bloor.

1:11.6

Every weekday, we provide a fresh perspective on the event shaping your world.

1:19.6

Donald Trump raised hackles with his comment that America might try and take control of Greenland using economic or even military force.

1:29.3

But our correspondent has a different idea. Could the US buy Greenland?

1:34.3

And Singapore is famous for its hawker centres,

1:39.3

state-run food courts where small stalls sell all manner of cuisines.

1:48.1

We chew over why that delicious cheap fare is now under threat.

1:59.0

But first... Governments in rich countries generally love to spend, and more often than not, they spend a lot more than they take in in taxes.

2:14.6

Josh Roberts is our capital markets correspondent.

2:19.4

So to make up the difference, they issue bonds.

2:22.3

Bonds are IOUs that promise investors a steady stream of interest or a yield on the debt

2:27.8

before the government eventually pays it all back.

2:30.2

Once things get this extreme, how many more days are rates going to go?

...

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