30-year Treasury just hit 5.20%. Last time we saw that was July 2007. You know what happened a few months later.
Hormuz mess sent oil and gas to 4-year highs. Inflation's back on the table. Fed rate cut narrative? Dead. Some desks now pricing in a hike instead.
Deficit's running at $1.95T, heading past $2T by 2027. Treasury has to pay up to find buyers. It's not just us — UK gilts at '98 levels, Japan's 30-year at all-time highs.
Bond market's screaming something. Whether anyone's listening is another question.
Hormuz mess sent oil and gas to 4-year highs. Inflation's back on the table. Fed rate cut narrative? Dead. Some desks now pricing in a hike instead.
Deficit's running at $1.95T, heading past $2T by 2027. Treasury has to pay up to find buyers. It's not just us — UK gilts at '98 levels, Japan's 30-year at all-time highs.
Bond market's screaming something. Whether anyone's listening is another question.