The Bond Market Is Flipping Out. Here’s Why You Should Care.

About this episode

<p>For the past few months, you’ve probably been hearing about the turbulence in the bond market.</p><p>Today, Ben Casselman, the chief economics correspondent for The New York Times, explains what has been happening, and why it matters.</p><p>Guest: <a href="https://www.nytimes.com/by/ben-casselman" target="_blank" rel="noopener noreferrer"><strong>Ben Casselman</strong></a>, the chief economics correspondent for The New York Times.</p><p>Background reading:&nbsp;</p><ul><li><a href="https://www.nytimes.com/2026/09/11/business/bond-market-interest-rates.html" target="_blank" rel="noopener noreferrer">How to make sense of mayhem in the bond market</a>.</li><li><a href="https://www.nytimes.com/2026/09/09/business/economy/treasury-repurchase-bessent.html" target="_blank" rel="noopener noreferrer">The bond market issued a swift rebuke last week</a> to the Trump administration’s latest attempt to lower borrowing costs.</li></ul><p>Photo: Rod Lamkey Jr. for The New York Times</p> <p><p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily"><strong>nytimes.com/thedaily</strong></a>. Transcripts of each episode will be made available by the next workday. </p><p> </p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>