Treasury Yields Soar to 24-Year High as Analysts Disagree on Implications

The U.S. Treasury yield curve has reached a 24-year high, with the 30-year bond closing at 5.47% on September 24. This is its highest level since February 2002.

Peter Schiff sees this as an opportunity to buy gold, predicting that soaring government spending and debt will drive rates even higher.

In contrast, Bill Ackman believes the Federal Reserve's rate hike may have been a mistake, arguing that demand for compute and energy in the pursuit of 'super intelligence' may not respond to higher rates.

Coinbase CEO Brian Armstrong shares Ackman's concerns about inflation, but notes that economic growth is key to curbing it.

Arthur Hayes, on the other hand, looks at a different metric: the MOVE index, which tracks expected volatility in the Treasury market. If it reaches 130, he predicts a policy 'bailout' of some sort.