The bond market has been grabbing headlines and roiling global markets, particularly in the US and in Japan, where yields are surging and buyer interest remains low.

That matters, because as Bloomberg Opinion’s John Authers says, the yield on the 10-year treasury note is the most important number in world finance. 

On today’s Big Take podcast, John Authers joins Stacey Vanek Smith to explain what surging bond yields mean for interest rates and why we could be seeing a correction, not a crisis.

Read more:
It’s Still Endless Summer for Bond Yields
Volatility Limits Post-Labor Day US Bond Rush to Six-Year Low 

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Hosted by Stacey Vanek Smith; Produced by Rachael Lewis-Krisky; Guest: John Authers; Edited by Naomi Shavin. Fact-checking by Brunella Tipismana Urbano; Engineering by Sean Carter. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.