Trouble Brewing in the Bond Market. Again.Ripple Effect — April 24, 2026  Since the end of March, the AI trade has once again captured investor attention. But with the rise of the broad indexes, trouble is brewing in the bond markets. Again.
The 30-year U.S. Treasury bond is up to a near 5% yield and highs last seen during the height of the Biden-era government spending binge.
Historically, yields at 5% or higher also spell trouble for the stock market: 
Bond yields are edging back to 5%, reflecting the potential for higher inflation, potentially signaling a crisis in the stock market. (Source: CNBC) Why are bond yields rising? Again, inflation expectations play a role. The stalemate in the Strait of Hormuz has pushed oil prices to $95 a barrel. Other commodities, notably fertilizer, have also soared. Both put pressure on household staples, gas and food prices.
With investors piling back into the AI trade, locking in higher yields could be the smart move for savers. When a stock market crisis hits, and investors shift to bonds, prices will soar, and yields will drop.
A Grey Swan take: The bond market is as important as ever. And it’s flashing a glaring red warning sign. For a specific inflation hedge to buy right now, check out our Shadow Stock recommendation for paid-up Grey Swan Pro members, right here.
~ Addison
40 years ago, a man walked into President Reagan’s office and handed him a tiny device no larger than a dime.
“This will change the world,” he said.
What followed was the rise of the internet… the smartphone revolution… and over $6.1 trillion in new wealth created over just the last two years.
Since that prediction, stocks like Apple surged nearly 6,000%. Microsoft, 434,000%.
Reagan was so impressed, he made this man his most quoted living author.
Now — over 40 years later — this legendary tech prophet has returned with a NEW device… and a NEW prediction.
He calls it a $10 trillion convergence.
And he’s identified one tiny stock — trading for about $10 — at the center of it all.
Click here to see his prediction before it goes mainstream. |
P.S. If you missed Grey Swan Live! yesterday with Zoltan Istvan, we got a whirlwind view of the future, Zoltan-style, which we dubbed "Robots, UBI, and Wine"... 
In one stirring anecdote, Mr. Istvan described a recent letter he wrote to his wife. After three decades of buying, trading and developing real estate using the credit markets, they are planning for a “black swan” deflationary environment by deleveraging their real estate, something he’s never done with his own money…
I tried to persuade him to use the term “grey swan” instead, since it’s a trend he can see comin’. We’ll see if he comes around.
One curious story, while he’s planting more vines in his vineyard in Napa, he knows several other grape growers who are ripping their vines out of the ground, because it's cheaper to let the land lie fallow than pay to deal with California’s onerous regulatory environment. Another sign of things to come?
Perhaps. Check out Zoltan’s interesting and very unique perspective on AI, the acceleration of change, and the future of value in the markets… stocks, bonds, real estate and tech. All very thought-provoking and worth a listen.
How did we get here? Find out in these riveting reads: Demise of the Dollar, Financial Reckoning Day, and Empire of Debt — all three books are now available in their third post-pandemic editions. You might enjoy one or all three. 
(Or… simply pre-order Empire of Debt: We Came, We Saw, We Borrowed, now available at Amazon and Barnes & Noble or if you prefer one of these sites: Bookshop.org, Books-A-Million or Target.)
Please send your comments, reactions, opprobrium, vitriol and praise to: feedback@greyswanfraternity.com |
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