Ten Year Bond Yields Soaring
TNX the ten year US bond yield continues to soar. It has broken above its very long term downtrend line since the 1980s. As it continues to rise it will cause shocks to the entire system with the cost of servicing the debt exponentially increasing. If this isn’t controlled the financial system will be permanently broken. Real Estate will crash BIGLY. 30 year mortgage rates are now 6% destroying home affordability.