US Treasury yields surge to 24-year high; US Treasury adviser expects a pullback ahead as AI investment and energy shocks drive up borrowing costs.

Zhito Finance APP has learned that David Zervos, a senior advisor to U.S. Treasury Secretary Bessent and a Wall Street veteran, said on Thursday that although U.S. Treasury yields have recently surged to multi-decade highs, current real yields are already clearly elevated from a historical perspective and have room to fall in the future. He believes that the surge in artificial intelligence (AI) infrastructure investment and energy price shocks are important factors driving the recent rise in yields, but the related pressures may only be temporary.