Bonds: Heroes or villains?

With the cost of Government debt hitting its highest for many decades across the world, we explore how the world became so dependent on bonds, those IOUs from governments and firms that helped build the modern economy. Bonds are often dismissed as a dull corner of finance, but behind the scenes they have played a central role in major economic dramas around the world. We hear about their history, how they have shaped companies and countries, and why some fear the bond market could trigger the next global meltdown.