As Yields Climb Higher Still, AI’s Profits Migrate to Software

Dear readers, Yesterday we described 30-year Treasury yields tearing through 2007 highs and a Middle East standoff souring risk appetite. That pressure hasn’t relented: the long bond has now pushed to 5.33 percent, and German financing costs have followed with fresh multi-year highs of their own. But while the bond market keeps grinding higher and […] The post As Yields Climb Higher Still, AI’s…