Larry McDonald
Larry McDonald, the "Bear Traps Report" founder.
  • Inflation-adjusted bond yields in the US have surged to the highest levels since the 2008-2009 financial crisis.
  • "Real yields break things up here, at 185bps, the highest since Lehman," Larry McDonald said on X. 
  • Rising real yields underscore increasing costs for US borrowers, and also add to the investment appeal of bonds versus stocks. 

Inflation-adjusted bond yields in the US have surged to their highest level since the financial carnage that followed the collapse of Lehman Brothers about 15 years ago, markets guru Larry McDonald pointed out. 

"Real yields break things up here, at 185bps, the highest since Lehman," the "Bear Traps Report" founder said in a Tuesday post on X