Get Ready For a Bond Market CrisisCBOE 10 YR TREASURY NOTE YIELDTVC:TNXRogueEconomicsThe yields on the US 10 Year Treasury are showing a really clear elliot wave outline that sugggests a big crisis may be coming. If we take a standard set of projection ratios relative to primary wave 1 (in green) then yields should easily break the 7.5 mark. This is going to crush risk premium, potentially lead to a crisis in the US, and could have far reaching consequences. Of course, if this is a wave 5 we're seeing into 2026 then yields could drop sharply - potentially in a 100% retracement of the move since 2020 - and theres only one reason why this might happen. Quite simply, a recession. So watch for the crisis in yields caused by a moonshot in the US 10 Year Yield, and then watch for the recession it causes when people actually start to buy percieved safe assets - bonds - and dump their risk assets.