…lly valuable if you want flexibility and don't want to lose too much value. But long-term bonds like 10 or 30 years are completely different and they could lose a significant amount of value short-term if yields keep going even higher. So, in terms of what I think about the bond market crisis and what this means for you, here is what you came for. As of right now, UK's yield hit the highest level since 1998. Japan's yield reached the highest level ever in history. The US 30-year is at a point that we haven't seen since 2007. Rate hikes are back on the table. And yeah, the bond market is breaking. But just from what I could tell so far, this is not the same as 2007 where a corner of the mortgage market just brought down the entire economy. Instead, this one is a lot slower, a lot more boring, and in some ways actually a lot more dangerous because it's affecting pretty much everything at the same time. For instance, like I mentioned earlier,…