Send us a text This week on The Wall Street Skinny , we dive headfirst into the chaos that’s been roiling the markets—and specifically why what's happening in the bond market has investors spooked. Treasury auctions, bond yields, the dollar, and gold are all flashing red, and we break down exactly why. Kristen turns the mic to Jen, who spent nearly a decade on the interest rates desk at Morgan Stanley, Lehman, and Barclays, for an explainer on what exactly is going on in the bond markets and what it means. We unpack the mechanics of recent treasury auctions, why foreign demand may be evaporating, and what that means for the U.S. government’s ability to finance its ballooning debt. If you've ever glossed over headlines about yield curves or direct bidder participation, this episode connects the dots—from tariff policy and inflation fears to bond market dysfunction and reserve currency status. We also tackle the growing concerns around private equity and private credit, where volatility may be hidden under the surface due to lack of mark-to-market transparency. And while it may sound like doom and gloom (spoiler: Jen is not sleeping well), we’re here to arm you with clarity—not panic. Whether you're a finance student trying to break in, a junior banker watching the headlines, or a PE associate wondering how this impacts your portfolio companies, this is your crash course in macro stress, treasury dynamics, and the unintended consequences of trade wars. Learn more about 9fin HERE Shop our Self Paced Courses : Investment Banking & Private Equity Fundamentals HERE Fixed Income Sales & Trading HERE Wealthfront.com/wss . This is a paid endorsement for Wealthfront. May not reflect others’ experiences. Similar outcomes not guaranteed. Wealthfront Brokerage is not a bank. Rate subject to change. Promo terms apply. If eligible for the boosted rate of 4.15% offered in connection with this promo, the boosted rate is also subject to change if base rate decreases during the 3 month promo period.The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of 11/7/25, is representative, requires no minimum, and may change at any time. The APY reflects the weighted average of deposit balances at participating Program Banks, which are not allocated equally. Wealthfront Brokerage sweeps cash balances to Program Banks, where they earn the variable APY. Sources HERE .
