Bond traders take a turn in the spotlight

The yield on 10-year T-notes climbed to its highest point since 2007 on Wednesday, as the Fed raised its key rate for the first time since July 2023. Swirling inflation and uncertainty have put all eyes on the bond market. So what’s it like to be a bond trader, suddenly at the center of attention? In this episode, we check in with a few of them. Plus: Higher borrowing costs will likely further stall the housing market, we explain “fiscal dominance,” and young people navigate “repayment avoidance.”

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Read the stories in today’s episode:

• What it’s like to work in the bond market these days
• A Fed rate hike will make buying a home even more expensive
• Surviving a stroke meant leaving her career behind
• What “fiscal dominance” would mean for the U.S. economy
• Venmo ghosting, just in time for spooky season