30 Year U.S. Treasuries Hit 5.361 Yield

Source: Hal Turner

Both the U.S 10 & 30 year Bonds are the benchmark rates that form the backbone of the US financial system.

They anchor borrowing costs, pensions, and equity valuations across the ENTIRE economy.

The last time US 10 and 30 year Bonds paid these kinds of Yields, we were all watching Lehman Brothers Collapse; marking the start of the 2008 Great Financial Crisis.

I'd watch how long yields stay here. Companies with debt coming due soon have a very different problem from those that locked in cheap funding years ago.

Hal Turner Layman's Remarks

At this rate of increase, mortgages will be 8% by dinner time!

I am NOT a Licensed Financial Expert and you should NOT make any financial decisions based on what you read on this website.   You should consult with a Licensed Financial Expert before making any financial decisions.

Having said that, in my humble opinion, as an untrained, non-expert, I personally hold the opinion that the US economy is crashing into a 1929 style depression.