This week: The bond market continues to churn with yields spiking globally. <a href="https://bsky.app/profile/did:plc:zxqezqfhjwidbrsvk66ded57" rel="noopener noreferrer" target="_blank">Felix Salmon</a>, <a href="https://www.elizabethspiers.com/" rel="noopener noreferrer" target="_blank">Elizabeth Spiers</a>, and <a href="https://www.axios.com/authors/epeck" rel="noopener noreferrer" target="_blank">Emily Peck</a> are joined by Financial Times journalist <a href="https://www.ft.com/robin-wigglesworth" rel="noopener noreferrer" target="_blank">Robin Wigglesworth</a>, whose new book, <a href="https://www.penguinrandomhouse.com/books/750210/a-fabulous-debt-by-robin-wigglesworth/" rel="noopener noreferrer" target="_blank">A Fabulous Debt: The Epic Story of How Bonds Built the Modern World</a>, feels particularly relevant right now. Robin recounts the research he did for the book and explains why the history of bonds is more interesting than you might think. They also discuss the state of theTreasury market now and, naturally, <a href="https://www.bloomberg.com/news/features/2026-07-24/why-debt-is-one-of-humanity-s-most-beautiful-inventions" rel="noopener noreferrer" target="_blank">what makes debt beautiful</a>.In the Slate Plus episode: The $60 Loaf of BreadWant to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on<a href="https://podcasts.apple.com/us/podcast/slate-money/id876523888" rel="noopener noreferrer" target="_blank"> </a><a href="https://podcasts.apple.com/us/podcast/slate-money/id876523888" rel="noopener noreferrer" target="_blank">Apple Podcasts</a> and<a href="https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX" rel="noopener noreferrer" target="_blank"> </a><a href="https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX" rel="noopener noreferrer" target="_blank">Spotify</a>. Or, visit<a href="https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary" rel="noopener noreferrer" target="_blank"> </a><a href="https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary" rel="noopener noreferrer" target="_blank">slate.com/moneyplus</a> to get access wherever you listen. Podcast production by Jessamine Molli.<hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

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