Global bond yields have surged to their highest levels in decades, driven by rising government deficits, inflation fears linked to Middle East conflicts, and tech giants issuing significant debt to fund AI expansion. The U.S. 30-year Treasury yield has climbed above 5% for the first time since 2007, while Japan’s 10-year JGB yield is near a three-decade peak at approximately 2.95%. This shift reflects increased borrowing costs and supply pressures in the credit markets. As a result, investors are turning to gold as a safe haven asset, supporting price expectations for August 2026.
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