Could the U.S. 10-year Treasury yield eventually reach 6.5–7%?
Laurent Lequeu, “The Macro Butler,” returns to Piggo’s Trading Desk to discuss rising bond yields, U.S.–China industrial competition, stablecoins, Treasury demand, gold, silver, commodities and the Iran war.
Laurent lays out his argument that higher government borrowing costs could become one of the defining macro risks ahead, while stablecoins create a new source of demand for short-term U.S. government debt.
The conversation also explores China’s growing strength in EVs and manufacturing, Western defense spending, diesel shortages, coal-to-liquids technology, Bitcoin, precious metals and the future of Iran’s energy exports.
Topics include:
U.S. Treasury yields
7% 10-year yield scenario
U.S. sovereign debt
China vs. U.S. manufacturing
BYD and Chinese EVs
Stablecoins and Treasury bills
GENIUS Act
Gold and silver
Commodity bull market
Diesel shortages
Coal-to-diesel
Bitcoin vs. gold
Iran war
Kharg Island
Bullion storage
Disclaimer: The 6.5–7% Treasury-yield scenario, geopolitical forecasts and market outlooks discussed in this episode are Laurent Lequeu’s views, not established future outcomes. Political characterizations discussed in the interview are also the speakers’ opinions.
Contact Laurent:
Financial Advisor & Wealth Advisor Services | The Macro Butler
Financial Academy Online USA | Learn Wealth & Financial Literacy
Chapters
00:00 Welcome Back Laurent
00:15 U.S. vs. China Economic Trajectory
02:03 China Tech, Smartphones & EVs
04:22 Western Defense & Industrial Policy
07:27 Bond Yields Surge
10:18 Stablecoins & the “Digital Gulag” Thesis
14:37 Commodities, Coal & Diesel
18:55 Bitcoin & XRP Skepticism
20:57 Iran & the Kharg Island Question
26:35 War Timeline & U.S. Politics
27:06 Gold, Silver & Bullion Storage
30:32 Where to Find Macro Butler
