Although weak US economic data released this month slightly reduced concerns that the country’s central bank (FED) will soon raise interest rates, traders still believe that inflation will remain high for some time as the Middle East crisis continues and oil prices continue to fluctuate around the $90 per barrel mark.
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As a result, US Treasury bond yields have risen to levels not seen since June 2007 – just before the start of the global financial crisis – and the situation has been further worsened by increasing US borrowing and massive corporate bond issuance to finance artificial intelligence investments.
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