Calling Dr. Heimlich!

The world is choking on our debt.

The benchmark 30-year bond yield climbed 16 basis points, or 0.16 percentage point, to 4.26 percent at 1:22 p.m. in New York, according to BGCantor Market data ... Thirty-year bonds yielded 3.64 percent at the last sale, on March 12.

For those of you keeping score at home, that's more than a half point rise in interest rates in the last two months. The debt tsunami is just beginning.