US UK Japan Germany are toast #bonds #yeild #bondstr

30 Year Bonds

UK 5.21%*

US 4.85%

Japan 2.30%**

*Highest since 1998.

**Highest since 2010.

The cost of debt is increasingly a standalone public finance issue in the UK, as illustrated today by the government having to pay 5.20%, the highest interest on record since the 1998 creation of the DMO, on its 30-year bond issuance.

Interest rates are SKYROCKETING:

The 10-year note yield is nearing 4.70% with mortgage rates on their way to 8%+.

Since the "Fed pivot" began just 111 days ago, interest rates are up more than +110 basis points.

This has NEVER happened before. So, what's next?