THIS IS REALLY CONCERNING. Before the 2008 Financial Crisis: • The US 10-year yield was at 4.99%. • The US 20-year yield was at 5.44%. • The US 30-year yield was at 5.43%. Today, US 10Y, 20Y, and 30Y yields are back at the same level, and the Fed rate hikes haven't even started. On top of that, major economies are selling US treasuries, putting more upward pressure on the yields. If combining Treasury's failed effort and US mounting debt, it's clear that investors want higher yield to hold US debt. And history suggests when that happens, the economy often enters a recession and the stock market experiences a major crash.
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