Storms, floods, and fires are ever more extreme.

And yet, the Federal Emergency Management Agency is fighting for its life.

I've never been a big fan of FEMA.

FEMA's a disaster.

FEMA's a dirty way.

People are waking up in droves to the FEMA camps.

Can the agency survive the stories that have been told about it?

And can we survive without FEMA?

American Emergency, the Movement to Kill FEMA, is a brand new series from WNYC's on the media.

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Why investors are souring on bonds and why we should care.

From Marketplace, I'm Sub Beneshore in New York.

There has been a global bond sell-off over the past couple weeks, and when investors

sour on bonds, it means they need a bigger payoff on those bonds to be convinced to come back.

So that payoff, also known as the yield, rises.

The yield on the 30-year bond yesterday hit

5.2 percent, the highest rate since 2007. Ten-year yields are about as high as they've been in

more than a year. Rising yields can cause problems in the economy. Joining us to talk about it is

Guy Labar. He's chief fixed income strategist at Janney Montgomery. Scott. Good morning.

Good morning. Why do we care what yields on 10-year bonds, 30-year bonds are doing?

Well, for one thing, many individuals in 401Ks and retirement accounts have exposure to the bond markets.

And when interest rates go up, as they have been over the course of the last few weeks, the forward-looking returns, the yield

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