A lot of things are on track to get more expensive.&nbsp;
The U.S. Treasury market is the bedrock of the global economy. When yields on those Treasuries go up, mortgages, car loans and credit cards get more expensive, and it can hit the stock market, too. And yields have been going up – to levels we haven’t seen consistently since before the Great Recession – inspiring some erratic and futile efforts from the Trump administration to push them back down.&nbsp;
So why are yields creeping higher? What is the administration trying to do about it? And if this continues, what’s in store for the economy?
Robin Wigglesworth is the editor of the Financial Times blog Alphaville, a host of the podcast “The Story of Money” and the author of the forthcoming book “A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.”&nbsp;
This conversation was recorded on August 24, 2026.
Mentioned:
“<a href="https://www.ft.com/content/cb865200-1a06-40be-86a3-10ee2bb05804" rel="noopener noreferrer">An Economic D-Day Is Coming for Iran</a>” by Scott Bessent
Book Recommendations:
<a href="https://200.hc.com/the-harpercollins-200/barbarians-at-the-gate/" rel="noopener noreferrer">Barbarians at the Gate</a> by Bryan Burrough and John Helyar<a href="https://www.simonandschuster.com/books/The-Prize/Daniel-Yergin/9781439110126" rel="noopener noreferrer">The Prize</a> by Daniel Yergin<a href="https://www.penguinrandomhouse.com/books/297027/lords-of-finance-by-liaquat-ahamed/" rel="noopener noreferrer">Lords of Finance</a> by Liaquat Ahamed
Thoughts? Guest suggestions? Email us at <a href="mailto:ezrakleinshow@nytimes.com" rel="noopener noreferrer">ezrakleinshow@nytimes.com</a>.
You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html
This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our recording engineer is Aman Sahota. Cinematography by Marina King. Video editing by Kristen Williamson, Brandon Belk-Yee and Dani Dillon. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser.
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. 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.

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

The Bond Market Chaos Is Coming for Us All

The Ezra Klein Show

AI Chapters

AI Insights

Reviews