How long can the US actually sustain this?
Last time the 30-year yield was this high, back in 2004:
• Debt: $7.35 trillion (61% of GDP)
• Deficit: $412 billion (3.4% of GDP)
Today:
• Debt held by the public: 101% of GDP
• Deficit: $1.9 trillion (5.8% of GDP), more than 4x higher
The US is now borrowing more, at a higher cost, with far less room to absorb it.
And every 1% rise in yields adds over $300 billion a year in extra interest payments alone.
🚨 There is no stopping US bond yields.
The 30-year bond yield just hit a new 22-year high at 5.525%
Yields are now moving like AI stocks, straight up, no matter what gets thrown at them.