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Slip the surly bonds? Scott Bessent goes on a yield trip

The Economist· Aug 26, 2026· 22m 36s

Amid record-tickling yields , the bond markets are now trying to make sense of what Scott Bessent, America’s Treasury secretary, has announced —a move that might put him on a collision course with the Federal Reserve. We ask why it is so easy for hackers to infiltrate America’s water infrastructure. And understanding a political lineage through the new British prime minister’s accent . Guests and host: Joshua Roberts, capital markets correspondent Shashank Joshi, Washington bureau chief Lane Gre

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Slip the surly bonds? Scott Bessent goes on a yield trip

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Sample transcript — click Live captions above to run Whisper on the actual audio in your browser.
  1. Welcome to the program. I'm your host.

    Welcome to the program. I'm your host.

    0:00
  2. Today we look at the major stories shaping the news cycle.

    Today we look at the major stories shaping the news cycle.

    0:04
  3. We start in Europe, where leaders met in Brussels.

    We start in Europe, where leaders met in Brussels.

    0:09
  4. The summit focused on energy policy and migration.

    The summit focused on energy policy and migration.

    0:14
  5. Reporting from the ground, our correspondent has more.

    Reporting from the ground, our correspondent has more.

    0:19
  6. Thank you. The mood here was tense but constructive.

    Thank you. The mood here was tense but constructive.

    0:24