Bond yields are screaming again.
The 10-year just hit its highest level since 2023. The 30-year? 5.35%—back to 2007 territory.
Treasury tried to step in. Didn't work.
Short-term relief probably needs geopolitical calm—an end to the Iran situation and the energy mess. But that's just a bandaid.
The real issue is structural: years of deficit spending, sticky inflation, and a system that got hooked on free money.
The era of ultra-low rates? That's over. We're not going back anytime soon.
Higher for longer isn't a phase anymore. It's the baseline.
The 10-year just hit its highest level since 2023. The 30-year? 5.35%—back to 2007 territory.
Treasury tried to step in. Didn't work.
Short-term relief probably needs geopolitical calm—an end to the Iran situation and the energy mess. But that's just a bandaid.
The real issue is structural: years of deficit spending, sticky inflation, and a system that got hooked on free money.
The era of ultra-low rates? That's over. We're not going back anytime soon.
Higher for longer isn't a phase anymore. It's the baseline.
