Bond Yields Hit New Highs as AI Keeps Equities in Record Territory
Fundamental Overview Markets remain caught between two powerful and conflicting forces: multi-decade highs in US bond yields and continued AI-driven strength in US equities. Attention today turns to the US 10-year bond auction. The 10-year yield has moved to around 5.31%, significantly above the 4.83% rate at the previous auction. The combination of higher refinancing…
