🚨🚨🚨 THE GLOBAL BOND MARKET IS COLLAPSING. THIS IS BIGGER THAN 2008. HERE ARE THE NUMBERS. 🚨🚨🚨
The last time bond yields fired these signals simultaneously was late spring 2008.
Four to five months later, Lehman Brothers collapsed.
Here's what's happening right now:
⚠️ UK 10-year gilts: 5.00% — HIGHEST since April 2008
⚠️ US Treasuries: 4.39% — HIGHEST since July 2025
⚠️ Australia 10-year: 5.04% — HIGHEST since July 2011
⚠️ Germany Bund: 3.05% — HIGHEST since July 2011
⚠️ Japan JGB: 2.28% — at LEVELS NOT SEEN since 1999
⚠️ India: 6.77% — FIVE-WEEK high
⚠️ South Africa: ~9.00% — MULTI-YEAR high
⚠️ South Korea: 3.72% — up 0.81% since January 1
⚠️ New Zealand: 4.76% — MULTI-YEAR high
⚠️ France: 3.77% — RISING
⚠️ Italy: 3.96% — SPREAD WIDENING
⚠️ Greece: 3.98% — ELEVATED
Every major economy. Same direction. UP.
⚠️ COMPARISON PUNCH: Germany's Bund at 3.05% is the same level it hit in July 2011 — during the EU sovereign debt crisis when Greece nearly defaulted. Now it's there AGAIN with no crisis even having started yet.
⚠️ COMPARISON PUNCH: UK gilts at 5% is April 2008 territory — THE month things started going wrong before Lehman.
⚠️ COMPARISON PUNCH: In 2008, the US had $10 trillion in national debt. Now it's $37.6 trillion. Governments borrowed $300 TRILLION globally since the last crisis. At zero rates. Now rates aren't zero. The math is catastrophically broken.
Here's the uncomfortable question nobody is asking.
If these yield levels caused a crisis in 2008 with $10T in US debt — what happens now with $37.6T?
The logic chain breaks the official story:
Central banks promised rate cuts → bond market is pricing rate HIKES →
Governments said debt is sustainable → they're now paying $1.23T/year just in US interest payments →
Fed said inflation is under control → oil at $119, yields at decade-highs, mortgage rates at 7-month highs →
So who is lying? The central banks. Or the bond market?