Gosh, if only there was a KILLER book on the bond market that explained how it worked through the prism of its fascinating 900-year history.
Financial Times
@FT
Sep 23
US Treasury yields soar after strong data fuels bets on further rate rises ft.trib.al/JqF9G6Y

Sep 23, 2026 · 8:27 PM UTC

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Out NEXT WEEK. penguinrandomhouse.com/books…

A Fabulous Debt by Robin Wigglesworth: 9780593719183 | PenguinRandomHouse.com: Books

From veteran Financial Times journalist Robin Wigglesworth, an epic history of the debt that built the modern world. Long considered the "boring" corner of finance, bonds are anything but. They...

penguinrandomhouse.com
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Replying to @RobinWigg
And if only it talked about what is going on…
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Why unnecessary box oneself in?
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Replying to @RobinWigg
I was sure you were talking about this one.
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As it happens:
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Replying to @RobinWigg
This books looks really interesting, although I am surprised your name is actually Wigglesworth
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Same tbqh.
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Replying to @RobinWigg
Wow nice ! Any chance you'll have it on Audible? Or is it a big pain?
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I think it will be, but those kinds of things I leave to Penguin to figure out.
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Replying to @RobinWigg
Pre-ordered! Gimme gimme gimme
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🙏
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Replying to @RobinWigg
Just ordered it, sounds like a good read
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Replying to @RobinWigg
How FT reporters promote their SoundCloud
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Replying to @RobinWigg
I think I know a guy you can call
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Replying to @RobinWigg
Excited to read your book but I immediately thought you were referring to the bible
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Replying to @RobinWigg
Debt or the price of interest, will you complete the debt trinity?
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Replying to @RobinWigg
like the Price of Time by Edward Chancellor
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Replying to @RobinWigg
I always loved your work, I gotta get my hands on that.
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Replying to @RobinWigg
Best pitch ever 🤣, thank you for the book, and all the podcasts you were a guest 🙏🙏🙏
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Replying to @RobinWigg
Preordered 🫡
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Replying to @RobinWigg
The bond market does wiggle and is worth a lot, so who better to write a book? 😜 On a serious note, I did add it to my list of books to buy. For some reason, paperback costs almost as much as hardcover on Amazon but I'll wait and see.
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Replying to @RobinWigg
Ordered!
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Replying to @RobinWigg
buying immediately
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Replying to @RobinWigg
But does it explain what's happening now? I think we are seeing the half century of trying to deny crises with stimulus come to an end, or at least not being able to postpone the crisis any longer. When currencies were tied to gold central banks could only allow the creation of credit money to go so far. They had to raise rates to maintain the value of their currencies & so the law of value worked through a crisis & so the devaluing & destroying capital. Since WWII, & especially since the collapse of Bretton Woods, central banks & Treasuries have used monetary & fiscal stimulus to try & deny crises. With the money printing from the Great Financial Crash & Covid now making state debt a sustainability issue it will be much harder for the authorities to deny the law of value from acting to give us a deep depression.
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