⚠️🇺🇸#bonds #us #debt #history Historically, when US government interest expenses were at peak levels, 10-year US Treasury yields typically traded around 6–7%. Today, those expenses are again at an all-time high, yet yields remain near 4%, suggesting the market may be underpricing fiscal risks. According to TS Lombard, a rapid move toward 6–7% yields is unlikely in the near term. However, if economic growth and inflation accelerate, and markets begin reacting to rising prices rather than Federal Reserve signals, 10-year US Treasury yields could rise sharply. This scenario could begin to play out as early as May 2026. A similar pattern could emerge in 5-year U.S. Treasury yields as well. 🌟 Subscribe