In the two long-term bond auctions in October, the US Treasury used the full repurchase limit of 6 billion US dollars twice, but it was still difficult to stop long-term yields rising. After the yield on 30-year US bonds surpassed 5.6%, the Treasury Department plans to reduce the auction scale for interest-bearing bonds with a ten-year term or more and invest more of the new financing in short-term treasury bonds. A number of research institutes believe that if AI investment and corporate financing needs do not substantially cool down, it will be difficult to significantly ease the pressure on supply and demand for US long-term debt capital, and high interest rates on long-term bonds may become the new normal in the future. Currently, the scale of investment in AI infrastructure in the US is still surging. The latest 10-Q report submitted by Nvidia to the US Securities Regulatory Commission shows that its total off-balance sheet guarantees increased by more than 180% in a single quarter.

In the two long-term bond auctions in October, the US Treasury used the full repurchase limit of 6 billion US dollars twice, but it was still difficult to stop long-term yields rising. After the yield on 30-year US bonds surpassed 5.6%, the Treasury Department plans to reduce the auction scale for interest-bearing bonds with a ten-year term or more and invest more of the new financing in short-term treasury bonds. A number of research institutes believe that if AI investment and corporate financing needs do not substantially cool down, it will be difficult to significantly ease the pressure on supply and demand for US long-term debt capital, and high interest rates on long-term bonds may become the new normal in the future. Currently, the scale of investment in AI infrastructure in the US is still surging. The latest 10-Q report submitted by Nvidia to the US Securities Regulatory Commission shows that its total off-balance sheet guarantees increased by more than 180% in a single quarter.