1. Bonds Are Screaming Risk

Treasury yields go up when bond prices go down. This means investors are selling U.S. government debt, not buying it. That’s not normal during global turmoil. It suggests:

• Foreign buyers are backing away, especially after Trump’s escalating tariff war.

• There’s liquidity stress, and investors are being forced to sell the safest asset to cover margin elsewhere.

• Or the market fears higher inflation, geopolitical instability, or default risk down the line.

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2. This Is the Most Important Chart in the World Right Now

The 10-year yield anchors the entire global system:

• Mortgage rates

• Corporate debt

• Derivative pricing

• Repo and collateral liquidity

• Bank solvency models

A sharp move like this doesn’t just change interest costs—it destabilizes the plumbing of the whole fiat system.

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3. This Confirms the “Everything Is Breaking” Thesis

• VIX is swinging violently

• Bitcoin is rallying, then dumping, then rallying again

• Stocks are whipsawing on tariffs

• BoE is injecting billions via repos

• Russia and China are actively trying to exit the USD system

• And now the world’s most important benchmark bond is selling off

This chart is telling us that trust in long-duration U.S. debt is cracking.

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When the world doesn’t want your bonds, your empire is aging.

When the world wants your bonds but at 5%+ yield, your system is fragile.

When even you can’t afford your own debt at these rates, your game is almost over.