Piggo’s Trading Desk
Bond Market Implosion? Macro Butler on 7% Yields, the Weaponized Dollar & Commodity Re-Rating
What happens if government bonds stop behaving like the world’s safest asset? Laurent Lequeu; Macro Butler returns to Piggo’s Trading Desk to examine rising sovereign bond yields, persistent inflation, expanding Western debt and what he describes as the long-term consequences of the weaponization of the U.S. dollar . Laurent lays out his case for the U.S. 10-year Treasury yield potentially reaching 6.5–7% by 2027 , while arguing that the result doesn’t necessarily have to be an equity-market crash. Instead, he sees the possibility of a massive capital rotation: government bonds → quality equities → gold and silver → energy → commodities → real assets. The conversation examines: U.S. Treasury yields Sovereign debt Bond market volatility Stagflation Gold and silver Oil Diesel Refinery constraints Commodity producers U.S. dollar reserve status De-dollarization China Taiwan Trump–Xi relations Lanthanum Critical minerals Uranium Nuclear energy Oil and gas CapEx ASEAN exploration Laurent argues that commodities remain historically underappreciated relative to financial assets and sees the current environment as increasingly reminiscent of the 1970s—an era when inflation, geopolitical instability and resource scarcity dramatically changed capital allocation. Disclaimer: The 6.5–7% Treasury-yield scenario, commodity outlook, asset-allocation views and geopolitical scenarios discussed are Laurent Lequeu’s analysis and forecasts, not established future outcomes or individualized investment advice. Contact Laurent: Laurent Lequeu (@LLequeu) / X Financial Advisor & Wealth Advisor Services | The Macro Butler The Macro Butler Financial Academy Online USA | Learn Wealth & Financial Literacy 00:00 Nuclear Escalation Warning 00:33 Welcome & Thailand Update 01:04 Global Bond Yields Surge 03:48 Equities vs. Fixed Income 06:05 Commodities & the Stagflation Trade 10:40 UN Summit, Trump–Xi & U.S.–China Tensions 16:37 Lanthanum, Diesel & Refinery Constraints 22:10 Nuclear, Uranium & Energy Plays 25:20 ASEAN Oil & Gas CapEx Outlook 27:35 Where to Find Macro Butler 28:34 Closing Thoughts Chapters
