BREAKING: The 30Y Treasury yield has traded above 5.00% for 56 trading days so far in 2026, the longest such streak in any year since 2006. The 30Y Treasury yield has also stayed above this threshold for 41 consecutive trading sessions. By comparison, 2023 saw only 7 such days, while 2007 recorded 50 days. This comes as the 30Y Treasury yield has surged +47 basis points year-to-date to 5.28% and hit its highest level since 2007. As a result, the 30Y Treasury yield has averaged 4.96% so far in 2026, on track for its highest annual level since 2004. If the year ends at current levels, this would mark the 6th consecutive annual increase, with the yield more than triple its 2020 level of ~1.50%. Higher for longer is here to stay.(The Kobeissi Letter)