● A Fabulous Debt: The Epic Story of How Bonds Built the Modern World
Robin Wigglesworth
Interview with author via Axios
Long-term government bond yields for the U.S. and other G7 countries have been climbing — hovering at levels last seen in 2007 before the financial crisis — and raising concerns about borrowing costs growing more expensive for countries that are already staring down heavy debt loads. The AI boom, meanwhile, has spread to the market for corporate bonds, sparking worries about a bubble. It’s a perfect moment to release a book laying out the history of the bond market: “A Fabulous Debt: The Epic Story of How Bonds Built the Modern World”. In the book, Wigglesworth reminds us that some of the biggest financial messes of the past 50 years were bond blowups.