Marketplace · Friday, July 24, 2026
The podcast discusses rising bond yields, attributing them to persistent inflation and the government's increasing debt. This trend is noted to be impacting borrowing costs across the economy, with 30-year mortgage rates reaching their highest in almost a year.
“We've been talking about bond yields specifically, which have been rising for a couple of reasons. One, inflation is still and again, being stubbornly persistent. So expectations are the Fed's going to keep interest rates higher for longer.”
“And there's all that debt. The government keeps piling on. Greg and I were talking about that yesterday. How much the government has to pay to borrow, of course, hits borrowing costs across the economy.”
“Thirty-year mortgages, I mentioned yesterday, Freddy Mac says the average rate is the highest it's been in almost a year.”