Higher Bond Yields Seen as Here to Stay

Barron's states that ballooning federal debt, massive AI borrowing by Big Tech, and inflation are the reasons higher Treasury yields will continue. The Financial Times opinion piece describes the rise in bond yields alongside the strength and breadth of the equity rally as the two most striking market moves this year. It calls the lack of destabilization from higher yields the biggest puzzle and notes that the AI boom's financing is central to understanding the current bonds and equities dynamic.