Yields Skyrocket as Global Debt Risks Reach New Levels

Hold onto your hats! Long-term yields are climbing higher than a kite on a windy day, with the US 10-year hitting 5% and the 30-year at 5.37%. Inflation and public debt are the troublemakers, and even our friends across the pond in the Eurozone and UK are feeling the pinch. Mortgage rates are over 7%, and the US federal debt is a mind-boggling $31.7 trillion!