(https://www.marketwatch.com/story/the-treasury-market-is-on-the-verge-of-a-worrying-milestone-not-seen-since-2007-81158082?mod=mw_rss_topstories) — 30-year yields stuck above 5% for the longest stretch since '07. But here's what Wall Street is missing: sustained elevated long-end yields aren't a Fed tightness story anymore. They're a *solvency* story. When Treasury bifurcation hits, it doesn't compress margins first — it kills multiples.

Research these companies