US Bond Yields Hit Highest Level Since 2007 as Four of Seven G7 Nations Cross Crisis Threshold

What was said

"US bond yields are getting out of hand as they hit the highest level since '07. The 30-year note yield rises to 5.18%."

The 30-year US Treasury note yield surged to 5.18%, the highest since 2007, with the traditionally critical 5% threshold now breached. For the first time in modern history, four of the seven G7 nations are simultaneously showing severe bond market stress, with nowhere for capital to flee. Analysts warn this represents a global vote of no confidence in government stability and could precipitate a major stock market crash, with the situation exacerbated by Middle East conflict driving inflation back toward 4% and producer prices at 6%.