Why the 30-year bond matters

Last week, the U.S. Treasury held an auction for 30-year bonds. Some were worried no one would show up to buy these things! That didn't happen, but the 'long bond' isn't exactly thriving at the moment. Today on the show, we look back at why we have such a long maturity bond and why it might be a good idea to start paying attention to it going forward.

*Related episodes:
*Bond market nightmares (Apple / Spotify)
Bond vigilantes. Who they are, what they want, and how you'll know they're coming (Apple / Spotify)
Trying to solve the mystery of big bond yields (Apple / Spotify)

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