This is what the global debt crisis looks like: government bond yields across the US, Japan, Germany, France, Australia, the UK, and South Korea are at record highs 🔼With a national debt exceeding $40 trillion, the US pays roughly $401 billion per year for every 1% of Treasury yield. Right now, 30-year Treasuries yield 5.5%, while 10-year notes sit at 5.16%.💬 Washington is already searching for ways to significantly lower yields, and once that issue is resolved, liquidity will return to the markets.