This week's blogpost - https://bahnsen.co/4s5VJwC

Trevor Cummings hosts the Thoughts on Money podcast with Brett Bonecutter and Blaine Carver (“Joe Bob”) to explain bond yields and interest rates through a scripted “table read.” They frame interest rates as the price of money, shaped by supply and demand, time, risk, and expectations for inflation and growth. The discussion distinguishes loans from bonds, explains why investors buy Treasuries, and clarifies maturities, the yield curve, and why the 10-year note is a benchmark influencing mortgage pricing via mortgage-backed securities. They note Treasury rates are set by auctions and that the Fed targets the overnight federal funds rate, mainly affecting the short end while markets price longer maturities. They address how rising yields lower existing bond prices, why predicting rate moves is difficult, why recent yield spikes may relate to bond supply (including corporate issuance tied to AI), and how current yields improve forward bond return prospects despite recent declines.

00:00 Welcome and Setup

01:00 Table Read Begins

01:17 Price of Money Basics

03:03 Loans vs Bonds

04:49 Treasuries and Yield Curve

07:10 Who Sets Rates

08:39 Investor Takeaways

10:06 Fade Out and Debrief

10:57 Why This Article

13:46 Why Bonds Move

17:12 Fed vs Market Dynamics

26:40 Bond Portfolio Math

30:16 Opportunities and Levers

33:34 Fed Signals Explained

37:43 Wrap Up and Call to Action

Links mentioned in this episode:

• http://thoughtsonmoney.com
• http://thebahnsengroup.com