This week: Bond yields hit levels not seen since before the 2008 financial crisis, with the 30-year Treasury reaching 5.2% and the 10-year at 4.68%, and we explain what that means for borrowing, saving, and the broader economy. President Trump called off a planned military strike on Iran on Monday, citing serious negotiations, and oil prices moved within minutes. Business schools are cutting MBA tuition by as much as 50% as AI reshapes what the job market rewards. And we take a snapshot of what it actually costs to borrow money right now, from mortgages to car loans to credit cards.
Sources referenced in this episode:
CME FedWatch (via CNBC) — https://www.cnbc.com/2026/05/15/traders-now-see-next-fed-interest-rate-move-as-a-hike-following-inflation-surge.html
CNBC (Treasury yields) — https://www.cnbc.com/2026/05/19/treasurys-yields-inflation-traders-fed-interest-rates.html
CNBC (Fed hike odds) — https://www.cnbc.com/2026/05/19/fed-to-hike-when-traders-see-a-rate-increase-coming.html
CNBC (borrowing costs) — https://www.cnbc.com/2026/04/29/fed-interest-rates-april.html
Edmunds (via CNBC) — see CNBC borrowing costs link above
Federal Reserve (credit card rates) — https://fred.stlouisfed.org/series/TERMCBCCALLNS
Freddie Mac — https://www.freddiemac.com/pmms
NPR — https://www.npr.org/2026/05/19/g-s1-122762/trump-says-hes-called-off-iran-strike
U.S. Department of Education — https://studentaid.gov/understand-aid/types/loans/interest-rates
WSJ — https://www.wsj.com/lifestyle/careers/there-is-a-fire-sale-on-m-b-a-s
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What is The Wealth Recap?
Your week in markets and money. The Wealth Recap covers major financial stories of the week and explores what they may mean for everyday financial life. From gas prices and job reports to market performance and interest rates, each episode is designed to help listeners build financial awareness and understanding. AI-assisted in drafting, with all content reviewed for accuracy and compliance by Buckley Wealth, an SEC-registered investment adviser. This podcast is for educational and informational purposes only and does not constitute personalized financial advice. Listeners should consult their own financial advisor before making investment decisions. New episodes every Wednesday. For more information, visit buckleywealth.com.