Episode Details

A global bond selloff is rippling from Japan to Europe to the U.S., and Krystal Ball and Saagar Enjeti break down why it may be more dangerous than it looks. In this condensed version of Breaking Points, the hosts explain how rising Japanese, German, UK, and U.S. yields are feeding a tighter financial system, why this is supply-side inflation—not COVID-style demand inflation—and how energy prices are pushing markets toward more pain. You’ll also learn why central banks’ usual response, rate hikes and demand destruction, may be making the problem worse, and how diesel costs are already hitting farmers, truckers, rural communities, and logistics. The episode also examines the Trump administration’s shifting stance on rates, energy dominance, and oil imports. Listen now to get the key ideas in minutes.