Why an Unstable Bond Market is a Big Deal

As tariff concerns rippled through financial markets around the world, the 10-year yield on US Treasury bonds advanced 50 basis points this week. That is the most in more than two decades. Hosts Adam Tooze and Cameron Abadi talk about what fluctuations in the bond market mean and why it's put a scare in investors. Plus in the second half of the show, the cost and benefits of nuclear proliferation from the perspective of defense budgets, nuclear waste, and international security. Learn more about your ad choices. Visit megaphone.fm/adchoices