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From the New York Times, I'm Rachel Abrams, and this is The Daily.
For months now, you might have been following the headlines about the turbulence in the bond market.
And by following, I mean you might have found yourself a little confused
and maybe even kind of alarmed by all this talk of the dangers to our economy.
Well, today, we are going to try to demystify the headlines
for those of you who might need a little bit of help.
Our artillery, Ben Castleman, chief economics correspondent for The New York Times,
he is going to explain what's been happening and why it matters.
It's Tuesday, September 15th.
Okay, Ben, we have invited you on The Daily today to do the impossible,
which is we are going to explain to people who may not understand
how bonds work what a bond is and why the bond markets have been going haywire.
And we are going to explain that not only so that you, dear listener, understand,
but that you even enjoy this conversation.
Rachel, I love a challenge.