The US bond market crisis is intensifying.
While everyone is focused on AI and the Iran War, the US bond market is in a complete meltdown.
The 30Y Yield is now above 5.00% and the 10Y Yield is nearing the pivotal 4.50% level, which resulted in President Trump's "90-day tariff pause" in April 2025.
Long-term yields are now ABOVE levels seen prior to Fed rate cuts in another brutal reminder that the Fed can not contain the long-end of the yield curve.
At the current pace, we will likely see US mortgage rates rise back above 7.00% this year.
The question then becomes:
How much longer can markets (or the US government) ignore the yield crisis?
And, who folds first?
(@TheKobeissiLetter)
BOMBSHELL: Census Bureau cross-referenced 128M voter records against citizenship data — over 24,000 noncitizens voted illegally in 2020. Trump: "The Census Bureau is going to analyze the next 32,000,000 Voters, and this number will explode." Pass the SAVE AMERICA ACT.
🔥🔥Hood County (Texas) Constable John D. Shirley unplugged and covered all of the county’s Flock Safety automated license plate reader cameras over the weekend.
An excerpt from his statement:
“Today is a good day for the Freedom of the people of Hood County.
I’ve finished the job of shutting down the county’s Flock cameras. They’ve been completely unplugged and covered. These cameras were constantly scanning and recording regular folks just going about their day. That kind of permanent, warrantless tracking doesn’t belong in a free society. By unplugging and covering them, we’re making it clear: privacy isn’t optional, and mass surveillance isn’t how we do things here.
…
To Flock Safety Systems: come get your garbage out of my county.”
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