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The U.S. government is selling 30-year bonds at yields not seen in a quarter century, and Greg Ip of The Wall Street Journal explains what that investor signal says about stubborn inflation and mounting federal debt. The episode also covers cooling producer prices in July, the pressure small business owners face from rising costs, and coal continuing to sit behind natural gas and renewables in electricity production. It closes with infrastructure reporting on a restaurant navigating Puerto Rico's water crisis and Ann Arbor's effort to offer free solar panels and home batteries.
This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.
Highlights
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Misc
✧30-year Treasury yields hit a quarter-century high in this week's auction.
✧Ann Arbor, Michigan is trying out free solar panels and home batteries for residents.
✧One restaurant in Puerto Rico is managing day-to-day operations amid the island's water crisis.
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