Steve Cortes
speaker
1,543 appearances
8 recordings
1 series
first heard Aug 2026
last heard 15 Sep
Steve Cortes’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Sep 2026 with 5.
Appearances
So as we speak here, US 10-year yield, which is the barometer of all bar bond markets, is at 4.8% yield.
So getting smashed in price and rising in yield.
Look at the chart there, and I show the beginning of the Iran war until right now.
So the bond market, regardless of what you think about the strategy of the Iran War, and I'm very anti-intervention, but regardless, the point is the bond market gets a vote, and the bond market is saying an extreme.
Extremely expensive Mideast war is not at all what an already profligate United States needed at this point.
Now, what does 4.8% mean to put that in context?
Well, we're getting near 5%.
Tenure yield has not closed above 5% since 2007.
I think unfortunately we're probably days or weeks away from that happening at current trajectory, particularly given what the House just did, which is pass a ludicrous CR that does nothing to address this.
No one in DC seems to care on either side of the aisle about what the bond market is screaming in terms of a warning sign.
By the way, 2007 is important.
I mentioned that in part, not just because that's the last time we closed above 5%, and I think we're heading there very shortly.
But remember what happened after 2007?
What was the ensuing fallout?
two thousand eight.
The 2008, 2009 great financial crisis where the world almost collapsed.
So those are the kinds of risks that a rising bond yield can present.
Yeah, please go to Cortez Investigates.com, Cortez with an S at the end.
Uh also Twitter, I'm at Steve Cortez, new handle.
They re they reversed my names, thankfully.
Showing 541–560 of 1,543 · page 28 of 78
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