By Lauren Young, Digital Special Projects Editor
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Greetings, On the Money readers!
It’s been rough for the bond market since the US Federal Reserve raised interest rates last week — and more hikes could be on the horizon.
Since interest rates are in the global spotlight, I’m highlighting our recent coverage below, along with some of your comments. Plus, you’ll find information about making money from secondhand treasures.
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It's a tough time to be a bond investor. REUTERS/Jeenah Moon
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The global bond selloff pushed US 30-year yields to their highest in more than two decades, driving mortgage rates above 7% and squeezing borrowers.
Reports of a phased US-Iran deal offer some hope that the Strait of Hormuz could reopen. But oil markets remain cautious.
Readers of this newsletter are also reacting. Pam Evans, 82, of Norwalk, California, wrote to me with this important historical perspective: “People don't remember back in the 1970s we paid over 9% to buy our homes. It took me years to feel confident to refinance that loan. I was a single mom with no child support, and even as a secretary, didn't make much money.”
In the current environment, Evans says she is rolling over certificates of deposit to take advantage of higher yields.
Meanwhile, reader Don Selzer says he decided (with his wife) not to buy three investment properties in City Island, New York, because of interest-rate uncertainty and how it will impact the value of the properties in the next decade.
“We also liquidated most long- and medium-term bond funds during 2025 and 2026 and are investing in short-term certificates of deposit, bond funds and US Treasuries, while we wait out the storm,” Selzer says. “Just trying to stay ahead of inflation!”
Let me know how higher rates are impacting your spending, saving and borrowing plans at onthemoney@thomsonreuters.com.
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The AI boom is giving the office a surprising second act. In Lower Manhattan, office leasing has more than doubled from a year ago, putting the market on track for its strongest first half since 2019. But will higher interest rates threaten that comeback?
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💊 Americans navigate tough health options |
Higher costs are pushing Americans out of the Affordable Care Act marketplace. REUTERS/Shannon Stapleton
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They say that health is wealth, but that’s certainly not the case for some 3 million Americans, who dropped out of the Affordable Care Act marketplace, created by President Barack Obama and often called Obamacare.
These Americans faced sharp increases in Obamacare premiums and deductibles this year.
Reuters spoke to consumers who are opting for skimpy, short-term health plans that provide less comprehensive coverage, or have joined health-sharing programs, where members pool monthly contributions to help pay each other's medical bills. Meanwhile, many Americans have opted to go without health insurance altogether, a situation that the ACA was originally meant to address.
Here is how they are navigating the challenging healthcare landscape.
I know I sound like a dork, but health insurance is one of my favorite money topics. Send your healthcare questions to me at onthemoney@thomsonreuters.com.
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🛍️ When second-hand purchases build wealth |
Millennial Dandan Zhu is turning shopping into income. Handout via REUTERS
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Whether it’s for the thrill of finding a treasure or environmental reasons, more young people are opting to buy second-hand. And some are even figuring out how to turn designer items and jewelry into a source of income.
A 2026 ThredUp and GlobalData Resale Report found that more than half of Gen Z and millennial consumers browse or prioritize second-hand purchases before buying new.
Here is how one millennial is building wealth by buying assets, not stuff.
While it’s definitely not a designer brand, I recently bought my husband a $2 tee shirt at a thrift store in rural Montana, which is his new favorite.
What’s your greatest second-hand purchase? Let me know at onthemoney@thomsonreuters.com.
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I have lots of personal finance ideas, but the very best stories come from readers! What personal finance questions do you have about saving, spending, healthcare, credit and more? Write to me at onthemoney@thomsonreuters.com. I read every message!
While you’re at it, be sure to follow our On the Money coverage. And connect with me on LinkedIn, where I’m always posting the latest Reuters news.
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Introducing Misinformation Monitor — our newest newsletter! Each week you’ll get a roundup of global misinformation narratives from the Reuters Fact Check team. Plus a "Real or Fake?" quiz!
Sign up for it here.
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This newsletter was edited by Franklin Paul.
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