Said on Jul 28, 2026, at 22:09 in the video.
“That is partially why interest rates are expected to go up here in the US.”Not verifiable: subject not covered. Reviewed: the call is about a bond, Treasury, mortgage or savings rate that this rule does not measure.
30 days
Not verifiable
90 days
Not verifiable
180 days
Not verifiable
1 year
Not verifiable
Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.
| Window | Result | At the start | At the end | Change | Benchmark |
|---|---|---|---|---|---|
| 30 daysR-FED v4 | Not verifiable | — | — | — | — |
| 90 daysR-FED v4 | Not verifiable | — | — | — | — |
| 180 daysR-FED v4 | Not verifiable | — | — | — | — |
| 1 yearR-FED v4 | Not verifiable | — | — | — | — |
| 3 yearsR-FED v4 | Not verifiable | — | — | — | — |
| 5 yearsR-FED v4 | Not verifiable | — | — | — | — |
Not verifiable: subject not covered. Reviewed: the call is about a bond, Treasury, mortgage or savings rate that this rule does not measure.
Not verifiable: subject not covered. Reviewed: the call is about a bond, Treasury, mortgage or savings rate that this rule does not measure.
Not verifiable: subject not covered. Reviewed: the call is about a bond, Treasury, mortgage or savings rate that this rule does not measure.
Not verifiable: subject not covered. Reviewed: the call is about a bond, Treasury, mortgage or savings rate that this rule does not measure.
Not verifiable: subject not covered. Reviewed: the call is about a bond, Treasury, mortgage or savings rate that this rule does not measure.
Not verifiable: subject not covered. Reviewed: the call is about a bond, Treasury, mortgage or savings rate that this rule does not measure.
convert to yen. Their yen gets a buyer, and their bonds get a buyer. And the US assets they get a seller. And this is where it becomes a US problem. Here is how all of this is connected back to the US. Remember, for decades, Japan was the most reliable customer at US bond auctions. They were the number one foreign holder of US debt. And now our biggest customer is not buying our debt. In fact, they might start selling a lot of it. Fewer buyers means the US has to do what to get new customers? The US has to offer higher interest rates to attract new buyers. That is partially why interest rates are expected to go up here in the US. And if you look at the most important US Treasury bond, the 10-year bond, which is what sets our borrowing costs as consumers to buy things like 30-year mortgages, you'll see that right now it's paying about 4.7%, which is close to all-time highs. That's not good. Part of why that's happening is because a major foreign buyer of our debt is stepping back. So, even if you might not own any Japanese assets, your mortgage rate is partially set thanks to Japan. Now, hold on. Doesn't this sort of upset the US? I think it might. That's maybe why Japan wants to build
What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.
Graham Stephana call with no clear direction
“in my opinion, the big move to really watch out for is whether or not the 10-year Treasury yield exceeds or hits 5%.”
Sep 3, 2026
Andrei JikhInterest rateswill rise
“Either way, it looks like yields are going to go up.”
Jun 5, 2026 · after 1 year
Graham StephanInterest rates— no direction stated
“the government's just going to print more money while keeping interest rates as low as they possibly can.”
Jun 1, 2026 · after 1 year
Graham Stephan, relaying Congressional Budget Office: Interest rates will rise
“the Congressional Budget Office now projects interest will reach $2.1 trillion a year by 2036,”
Jun 1, 2026
Andrei JikhInterest rateswill rise
“But it is especially bad when the riskfree rate, meaning what you can get today from a government bond is sitting at above 5%. It's probably going higher.”
May 26, 2026 · after 1 year
Graham StephanInterest rateswill rise
“the 30-year Treasury is already above 5%, the highest in nearly two decades.”
May 21, 2026 · after 1 year
