Greg Ip
speaker
107 appearances
3 recordings
1 series
first heard Jul 2026
last heard 20 Aug
Greg Ip’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Aug 2026 with 2.
Appearances
Hey, thanks for having me, Kai.
So, Kai, that is the interest rate that the government will be paying on 30-year bonds that were sold at auction today.
And the reason that matters, it's one of the highest rates.
In fact, I believe it is the highest rate that the government has said that it will pay on a newly issued 30-year bond in almost 20 years.
And I suppose that as taxpayers, that's the kind of thing that's gonna bother us because we owe have a lot of debt.
And every time these rates go up, it means we have to pay even more interest to service that debt.
Hey, thanks for having me, Kai.
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So, Guy, that is the interest rate that the government will be paying on 30-year bonds that were sold at auction today.
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And the reason that matters, it's one of the highest rates.
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In fact, I believe it is the highest rate that the government has said that it will pay on a newly issued 30-year bond in almost 20 years.
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And I suppose that as taxpayers, that's the kind of thing that's going to bother us because we have a lot of debt.
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And every time these rates go up, it means we have to pay even more interest to service that debt.
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yes?
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Right.
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So Chairman Warsh, chairman of the Federal Reserve, controls what we call the short term interest rate, the rate that's charged on overnight loans.
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But if you are taking out a mortgage or if you're a business that wants to build a factory, you care more about long term interest rates.
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And those are set by the bond market, not by the Federal Reserve.
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And that's why you should care about what these 30 year bond yields are and these 10 year bond yields are.
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And in spite of the Federal Reserve not having raised interest rates in quite a while, those 10 and 30-year bond yields have been creeping higher all year long.
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And that reflects several things.
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