The global yield crisis is accelerating: 10+ year government bond yields of G7 countries are up to ~4.7%, the highest since 2004. This is now ~0.5 percentage points above the 2008 Financial Crisis peak. G7 bond yields are also 8 TIMES above the 2020 pandemic low of ~0.5%. The surge comes amid renewed inflationary pressures from rising energy prices, persistently large government deficits, and the end of central bank QE programs. As a result, investors are demanding higher compensation for holding long-term government debt. The global government debt crisis is becoming even more expensive.(The Kobeissi Letter)