Bonds: Has the debt become too big?

Bonds: Has the debt become too big?

Author: BBC World Service January 13, 2026 Duration: 17:29

The power of the global bond market seems to have grown in recent years, to the extent that it can now dictate government policy and even topple political leaders. How much clout do the debt markets actually have and should they be reined in?

Many rich nations are more indebted than they have ever been in modern times, meaning that some are spending more simply on servicing their debt than on schools, hospitals or military defence.

In the second of two programmes on the bond market, we ask, how sustainable is that debt and should we be worried about it?

If you'd like to get in touch with the programme, our email address is businessdaily@bbc.co.uk

Presenter: Ed Butler Producer: Gideon Long

(Photo: A view of financial buildings in the City of London. Credit: Getty Images)


Behind the headlines and market numbers, there’s a human story. Business Daily from the BBC World Service digs into those stories, exploring how the forces of money and work shape lives and communities across the globe. This isn't just a recap of financial news; it’s about the tangible impact of economic decisions, from a factory floor in Vietnam to a tech startup in Nairobi. Each episode focuses on a single, compelling narrative, offering a clear and thorough examination of how business and economics function in the real world. You’ll hear directly from the people involved-entrepreneurs facing unexpected hurdles, workers adapting to new industries, and analysts deciphering local trends with global consequences. The reporting is grounded and precise, reflecting the BBC’s commitment to depth and clarity. By focusing on the daily drama inherent in our economic systems, this podcast makes the vast subject of business feel immediate and personal. Tune in for a thoughtful perspective that connects economic concepts to everyday reality, providing a deeper understanding of the world through the lens of commerce and labor.
Author: Language: English Episodes: 100

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