The yield on a 30-year Treasury bond has been hovering above 5% for a couple weeks — the longest stretch since the Great Recession. One reason is Treasury bonds are competing with Big Tech debt. We’ll explain, with help from one reporter’s shady gym membership deal. Also in this episode: AT&T attributes strong earnings to service bundles, a customs broker updates us on shipping logistics amid tariff changes, and Kai explains why Fed economists want to keep inflation expectations "anchored."

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Read the stories in today’s episode:

• 30-year Treasury yields stick above 5%
• China's consumer economy is losing steam
• AT&T's service bundles make for an earnings boon
• Inside the "tariff whirlpool" with a brokerage manager
• What “anchored inflation expectations” mean for the Fed