# Bond bombshell

An episode of [Unhedged](https://invisiblenetwork.ai/podcast/1691284824), 24 Sep 2026, 22 min.

Audio: https://sphinx.acast.com/p/open/s/6478a825654260001190a7cb/e/6ab57f91fb182c6fb5a6fedd/media.mp3

Global bond yields took a big leg up on Wednesday, with the US 10-year Treasury now well north of 5 per cent. Could further rises trip up a heavily indebted government? Or perhaps an overleveraged hedge fund, with untold market fallout? Hosts Katie Martin and Rob Armstrong are joined by FT senior markets correspondent Ian Smith. Plus, Rob goes long his own foresight, while Katie extends a long arm of comfort to a banker who sent a career-ending email. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer. You can email Robert Armstrong and Katie Martin at unhedged@ft.com. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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