The yield on a 30-year Treasury bond has been hovering above 5% for a couple weeks — the longest stretch since the Great Recession. One reason is Treasury bonds are competing with Big Tech debt. We’ll explain, with help from one reporter’s shady gym membership deal. Also in this episode: AT&amp;T attributes strong earnings to service bundles, a customs broker updates us on shipping logistics amid tariff changes, and Kai explains why Fed economists want to keep inflation expectations &quot;anchored.&quot; Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future. Read the stories in today’s episode: 30-year Treasury yields stick above 5% China&#x27;s consumer economy is losing steam AT&amp;T&#x27;s service bundles make for an earnings boon Inside the &quot;tariff whirlpool&quot; with a brokerage manager What “anchored inflation expectations” mean for the Fed

What's driving up the 30-year Treasury yield?

Marketplace

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[SPEAKER_B] In which the program is about the economy yet to come. From American Public Media, this is Marketplace. In Los Angeles, I'm Kai Ryssdal. It is Wednesday, today the 27th. July. Good as always to have you along, everybody. Our tour through the macroeconomy begins today with two numbers. The first is 30. That's in years, and it is specifically the 30-year Treasury, the federal government's long bond that pays you back principal and interest in, just like it sounds, 30 years. The second number is 5. That's in percent, and it's the yield, the interest rate that the 30-year carries today. It has carried, in fact, 5% or higher for 27 days, the longest it's been that high since 2007. You'll not be surprised to hear we didn't pick those numbers out of thin air as a place to start today, because as Marketplace's Sabri Ben Nishor explains, most of the time when something like this happens, the bond market is trying real hard to tell us something.

[SPEAKER_C] I don't know if this has ever happened to you, but one time my old gym was like, "Hey, how would you like to prepay your membership for 2 years in advance?" And I was like, "No, why would I do...

What's driving up the 30-year Treasury yield?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

What's driving up the 30-year Treasury yield?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.