Bond traders take a turn in the spotlight

Marketplace examines the bond market frenzy as 10-year T-note yields hit their highest since 2007 and the Fed raises rates for the first time in over three years. The episode checks in with bond traders suddenly thrust into the spotlight, explores how higher borrowing costs will further stall the housing market, explains the economic concept of fiscal dominance, and looks at how young people are using 'repayment avoidance' tactics like Venmo ghosting to manage tight finances.