Kai Risdahl

Can you help me understand why this seems to be sort of in the last, I don't know, couple of weeks-ish?

Yields seem to have gotten a whole lot of attention because they've been going up so much.

And I guess my question is, you know, the energy shock's been going on for, let's see, February, March, April, May.

I mean, it's going on three months now, and the bond markets are paying attention now?

I was just going to say gutsy move, man.

All right, bring it home for me.

There is a mythical person in Ottumwa, Iowa, who I always have in mind when I ask this question, and you're the lucky winner today on this question.

If I am going about my daily life in Ottumwa, Iowa, why does this matter for me?

Nicole Servi, she's at Wells Fargo.

Nicole, thanks a lot.

I appreciate your time.

I said yesterday the average rate on a 30-year fixed mortgage is up at 6.75%.

Well, now you know why.

On Wall Street today, bond traders are one thing.

Stock traders are a whole different animal.

Never met a, yes, we're really close to a peace deal, rumor that they didn't like.

We will have the details when we do the numbers.

One of the reasons, one of the many reasons, to be clear, as Nicole was just saying, that bond yields are up is that prices are up and consumer inflation expectations are up.

And that is thanks to President Trump's preferred trade tool.

Tariffs, in case that somehow wasn't clear.