城堡证券：美联储政策或令美债收益率维持高位，长期利率风险上升

Odaily Planet Daily News: Castle Securities stated that the Fed's current policy path is driving long-term U.S. Treasury yields to remain at multi-decade highs, potentially posing broader risks to the market. Despite recent cooling in inflation and employment data, the yield on the 30-year U.S. Treasury briefly rose to 5.28%, its highest level in 19 years, indicating that the market remains vigilant about long-term inflationary pressures and fiscal risks.

The firm believes that inflationary pressures have not fully subsided, and there remains significant uncertainty regarding the Fed's next policy decision, with the rate path likely continuing to be a key factor affecting asset prices.

In the field of artificial intelligence, Citadel has a more favorable view of cloud infrastructure and large-scale cloud computing companies rather than frontier AI model developers. The institution tends to invest in "hyperscalers" with advantages in computing infrastructure, including Microsoft (MSFT) and Google's parent company Alphabet (GOOGL).