Michelle Martin

This is a Senate-confirmed position. Do we have a sense of whether he will have the votes to be confirmed?

That is NPR's Selena Simmons-Duffin. Selena, thank you.

That is NPR's Selena Simmons-Duffin. Selena, thank you.

That is NPR's Selena Simmons-Duffin. Selena, thank you.

Stocks surged following Donald Trump's reelection, but the bond market is a different story. They've been selling off in a big way, and that affects everything from interest rates to inflation.

Stocks surged following Donald Trump's reelection, but the bond market is a different story. They've been selling off in a big way, and that affects everything from interest rates to inflation.

Stocks surged following Donald Trump's reelection, but the bond market is a different story. They've been selling off in a big way, and that affects everything from interest rates to inflation.

For more on this, we are joined by NPR Senior Business Editor Raphael Nam. Raphael, good morning. Hey, Michelle. So just briefly, give us the basics of what are bonds and why do they matter? We've said a little bit about that, but just what are they?

For more on this, we are joined by NPR Senior Business Editor Raphael Nam. Raphael, good morning. Hey, Michelle. So just briefly, give us the basics of what are bonds and why do they matter? We've said a little bit about that, but just what are they?

For more on this, we are joined by NPR Senior Business Editor Raphael Nam. Raphael, good morning. Hey, Michelle. So just briefly, give us the basics of what are bonds and why do they matter? We've said a little bit about that, but just what are they?

So why the sell-off?

So why the sell-off?

So why the sell-off?

So you heard Steve earlier say that bonds wield a lot of power. How do bond investors wield their power?

So you heard Steve earlier say that bonds wield a lot of power. How do bond investors wield their power?

So you heard Steve earlier say that bonds wield a lot of power. How do bond investors wield their power?

So very briefly, how would this affect regular people?

So very briefly, how would this affect regular people?

So very briefly, how would this affect regular people?

That is NPR's Raphael Knapp. Raphael, thank you.