Steve Hanke Warns: U.S. Treasury Can’t Stop the Bond Market From Exploding
The world is moving away from US Treasuries and the dollar; de-dollarization erodes the dollar's power.
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Most coveredUS dollar 9 →US Treasury yields 9 →U.S. stocks 5 →
The world is moving away from US Treasuries and the dollar; de-dollarization erodes the dollar's power.
Treasury yields surge amid war, debt and US decline.
The real risk is in bonds rather than stocks, implying bond prices fall.
Silver price surge in 2026
Treasury yields keep rising despite the Fed pause; war, debt and deficits push long-term yields higher
Inflation and Fed policy lead to surging bond yields and a global bond market crisis
The future of the U.S. dollar is decline in a multipolar world.
Oil rallies on renewed US-Iran war.
Bond market chaos and a sell-off have been triggered (bond prices falling).
Japan's bond crisis is deepening (JGB prices falling / yields rising).
China is re-writing gold markets, implying higher gold prices from Chinese demand/pricing power.
Japan's yen is collapsing, setting off America's next financial crisis.
U.K. borrowing figures are pushing gilt yields higher amid a deepening fiscal crisis — implying falling gilt prices.
De-dollarization and central bank abandonment of U.S. Treasuries in favor of gold undermines the U.S. dollar.
Japanese capital repatriation will drain liquidity from U.S. stock and Treasury markets, threatening Wall Street.
The S&P 500 is outperforming many private equity funds.
Investors are turning toward gold and silver as safer assets amid the private equity bubble bursting.
Collapsing bond demand from Japanese investors puts America's debt bubble in dangerous territory, implying falling Treasury prices.
As Japanese investors pull money out of U.S. Treasuries and repatriate capital, Treasury yields are surging and borrowing costs exploding.
A new commodity super cycle is underway with everyone hoarding gold.
Extreme global oil shortages loom with U.S. reserves at only 60 days, implying an oil price shock.
The Hormuz closure shakes gas and LNG markets, driving the biggest energy shock in modern history.
With the Strait of Hormuz disrupted, prices are surging and Europe faces years of high energy costs.
Interest rates could stay painfully high with the 10-year Treasury yield climbing amid war-driven stagflation.
The Iran war is driving the dollar higher via safe-haven demand and rising oil prices.
The petrodollar is dead and U.S. dollar dominance/economic power is ending.
The worst-case scenario of Houthi disruption of the Red Sea/Bab el-Mandeb will send oil above $200/barrel.
The $30 trillion US Treasury market will collapse with rising yields, collapsing liquidity and extreme volatility.
Brent crude is already above $100 and could hit $200 per barrel if the conflict continues — the largest oil supply shock in modern history.
Iran's push to settle oil trades in Chinese yuan accelerates the rise of the petroyuan.
Diesel prices are spiking past $5 and continuing to surge amid the supply shock.
Surging jet fuel costs are crushing airlines like American Airlines.
Surging jet fuel costs are crushing airlines like Delta Air Lines.
Private credit giants like Apollo face record defaults and rising risks.
Nearly a third of global nitrogen fertilizer trade moves through Hormuz; disruption will tighten supply and raise fertilizer prices.
BlackRock's HPS Corporate Lending Fund hit its redemption cap, signaling stress that could trigger a broader financial shock.
Redemption pressure and rising defaults are hitting firms like KKR.
Redemption pressure and rising defaults are hitting firms like Blackstone.
The $3 trillion private credit bubble is popping, with rising defaults, redemption pressure, and liquidity stress.
Redemption pressure and rising defaults are hitting firms like Blue Owl Capital.
Stocks are falling — the S&P 500 dropped 1.7% — as markets brace for an economic shock.
A global inflation wave is coming as energy costs rise.
Higher oil will fuel higher gas prices.
Rising food costs will follow the energy shock.
LNG markets are tightening as QatarEnergy suspends output.
Brent crude jumped and oil surges on the Hormuz closure and Qatar halting output.
European gas prices are soaring 37-45%, to $785 per 1,000 cubic meters, with panic buying returning after the Hormuz closure.
Trump's Middle East oil war will collapse the dollar system.
Iran's closure of the Strait of Hormuz means a global oil shock is incoming; a sustained closure could push prices sharply higher.
The EU is ditching Mastercard in favor of a sovereign digital euro alternative by 2029.
The EU is ditching Visa in favor of a sovereign digital euro alternative by 2029.
The first U.S. bank failure of 2026 'won't be the last' — more small U.S. banks will fail in a high-interest-rate environment.
Rising gold reserves and reduced central bank exposure to U.S. debt weaken the dollar's long-term role.
Japan's ultra-long bonds are collapsing, with the 40-year yield above 4% and further deterioration ahead
The Japanese bond selloff is shaking equities as the carry trade unwinds
A massive yen carry-trade unwind is threatened, implying a stronger yen
Japan's bond shock is lifting gold
EU dependence on U.S. LNG puts Europe at risk of soaring gas prices
Loss of Fed independence leads to higher inflation and rising borrowing costs — i.e. higher Treasury yields
The dollar's 2025 decline marks a structural repricing, not a cycle — DXY heads lower
Rheinmetall is positioned to receive tens of billions in contracts from Germany's €377 billion defense procurement plan.
A perceived loss of Fed independence under a Trump-aligned Fed chair means long-term rates could rise, not fall.
The yen is surging after months of weakness, driven by the Bank of Japan's possible December rate hike.
Japan's rising yields are dragging U.S. and European yields higher, with the 10-year back above 4%.
Japanese government bonds are falling with yields at 20- and 30-year highs.
Japan's stimulus package has sent the yen to its weakest levels in nearly a year and it will keep falling despite possible intervention.
Japanese investors repatriating capital will end Japan's Treasury buying, pushing U.S. borrowing costs up and Treasury prices down.
Record AI-driven bond supply from Alphabet, Meta, Amazon, Microsoft and Oracle will cause 'supply indigestion' and strain credit markets.
Oracle's $18B debt issuance to fund data-center expansion is part of an unsustainable AI debt wave that will unwind.
A dangerous AI bubble will wipe out the US market in a coming AI correction.
The $36 trillion AI bubble is bursting and AI valuations will collapse.
Accelerating de-dollarization — 99.1% of Russia-China trade in rubles and yuan, plus BRICS alternative payment systems — is weakening the dollar's monopoly.
Nvidia's $5 trillion valuation is part of a deflating AI bubble built on a fragile circular financing loop.
The EU ban on Russian gas imports will raise European energy prices and deepen reliance on US energy imports.
Zions Bancorp is highly exposed to the emerging credit/fraud problems signaling a coming US banking crisis.
A massive market correction is incoming as AI-driven valuations soar and markets face a sudden correction.