The US 30Y Note Yield rises to 5.44%, its highest level since June 2004. A lot of people saw that chart and had no idea why it matters.
Think of the US government like someone with a $40 trillion credit card. They don’t pay it off. They keep borrowing more every year because they spend more money than they collect.
The “30-year yield” is basically the interest rate the US government has to pay when it borrows money for 30 years. So why does it matter when that number suddenly jumps?
Two simple reasons:
1- Old cheap debt coming due now has to be replaced with more expensive debt.
2- New money the government borrows also costs more.
The US is paying more than $1 trillion a year just in interest. That’s more than the entire military budget. If borrowing costs keep rising, that interest bill gets even bigger.
Higher rates can mean more expensive mortgages, car loans, and business loans. People borrow less. Companies spend less. Housing slows down. Eventually, the whole economy feels it.
The problem isn’t that America suddenly goes broke tomorrow. The problem is the cycle:
Higher interest → bigger deficit → more borrowing → higher interest.
That’s why the 30-year yield matters. That straight-line move on the chart is basically showing the rising cost of borrowing across the economy.
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You can't make this up.
The US Treasury just announced it is tripling long-term buybacks to $6 billion and yields STILL rallied on the news.
That means the US Treasury went from doubling, to "at least doubling," to tripling long-term bond buybacks and yields are still rising.
This puts the 10Y Note Yield above 4.85% for the first time since November 2023, up +15 basis points from pre-announcement levels.
The bond market is quite literally fighting the US Treasury as the Iran War continues, with the 10Y Note Yield nearing a +100 basis point move since the war began.
Without an end to the Iran War, we are on track to see the 10Y Note Yield above 5.00% by next week.
American consumers, homebuyers, and borrowers are in for a rude awakening.
$GLXY is up around 12% today after a new Buy‑equivalent initiation that highlights value in its digital asset and data center businesses.
The stock has been flagged as trading below some analyst sum‑of‑the‑parts estimates tied to those segments.
$GLXY is trending on @Stocktwits as traders debate whether today’s move simply narrows that perceived valuation gap.
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