Ed Elson

There's just a very positive, exciting New York City energy going on right now, and we're going to ring that bell live in New York at Town Hall.

So I was kind of excited about L.A.

because L.A.

feels sexy and cool in Hollywood.

I still am, but I'm slowly kind of getting more excited about New York City.

What about you?

I would say L.A.

Well, if you want to get the tickets, head to ProfityMarketsTour.com.

We can't wait to see you there.

We'll see you very soon.

Shall we get into the show, Scott?

Let's get into it.

Inflation fears drove the yield on 30-year Treasuries to its highest level since 2007 last week.

And surging yields weren't just an American story.

30-year bond yields in Canada, Germany, France, Spain, Portugal, the Netherlands, and Switzerland also hit.

12-month highs.

A big part of the spike is owed to war-driven inflation and the resulting probability that the Federal Reserve may need to hike interest rates sooner rather than later.

On Calci, the odds of a Fed rate hike before year-end have climbed from around 15% a month ago to above 40% last week.

So it appears, Scott, that the bond market is...

finally reacting to inflation in a serious way.