American Century Investments: Market pricing is betting that the Federal Reserve will raise interest rates up to four times in the next year. This expectation is too aggressive. The 5.25% 10-year US Treasury yield is attractive to buyers. The credit boom associated with artificial intelligence is a major factor behind the sharp rise in government bond yields.

American Century Investments: Market pricing is betting that the Federal Reserve will raise interest rates up to four times in the next year. This expectation is too aggressive. The 5.25% 10-year US Treasury yield is attractive to buyers. The credit boom associated with artificial intelligence is a major factor behind the sharp rise in government bond yields.