As yields on Treasury notes rise, the bond market is changing

While the yields on longer-term Treasury notes like the 30-year have been getting attention lately, it’s worth noting that shorter-term notes like the 2-year and 10-year are also reaching new highs.

Investors can blame that rise on inflation, or oil worries, or on speculation about whether the Federal Reserve might raise rates next week, but what matters maybe more than the why and how is what that rise tells us.

Greg Ip is a chief economics commentator with the Wall Street Journal. He joined “Marketplace” host Kai Ryssdal to talk about what the bond market is saying with these high yields and how the market itself is changing.

Listen in the player above to hear the conversation.