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Finance & Markets

Odd Lots: Darrell Duffie on the Surge in Bond Yields (Podcast)

Global bond yields are at their highest level since 2008, with the 30-year US Treasury touching 5% just before Treasury Secretary Scott Bessent announced a surprise increase of his department’s bond buyback program and Federal Reserve Chairman Kevin Warsh made his hawkish speech at Jackson Hole. So what’s driving yields higher? And what options do policymakers have to bring them down? In this…

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Debit Dominates as Low-Income Consumers Guard Cash Flow

For merchants selling to low-wage consumers, the competition isn’t simply over who offers the lowest price. It’s over whether the purchase can clear a tight household budget in the first place. The PYMNTS Intelligence report “The Labor Economy Follows a Different Consumer Playbook,” found in July that 37% of Labor Economy consumers…

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