🚨ALERT: The US bond market is flashing a WARNING markets can't ignore. The 20-year Treasury yield just hit 5.735%, while the 30-year climbed to nearly 5.7%, both at their highest levels in roughly 24 years. The 10-year also touched 5.34%, another 24-year high. Long-term yields have surged more than 100 bps since early March as inflation, rising debt and geopolitical risks push borrowing costs higher. The S&P 500 is still near record highs, helped by the AI trade, but stress is starting to spread. Mortgage rates are RISING, housing activity is WEAKENING and credit spreads are beginning to WIDEN. Stocks are holding up FOR NOW. But if yields stay this HIGH, the PRESSURE eventually hits growth, earnings and valuations.