JPMorgan Asset Management: AI Boom Also Drives Long-Term Bond Yields Higher

TREE NEWS reports: JPMorgan Asset Management says the recent surge in global bond yields is not solely driven by concerns over the Federal Reserve and US fiscal policy, with AI-driven growth optimism pushing investors to reassess where long-term interest rates should sit. Melbourne-based global market strategist Kerry Craig said markets are reacting to signals from the White House and Treasury, including a smaller-than-expected bond buyback operation and talk of policies that could add to fiscal pressure, while recent Treasury auction demand has been quite strong.