The term premium of US long-term treasury bond bonds hit a 10-year high, and the fiscal deficit and financing demand of technology giants pushed up the yield

The premium of 10-year US Treasury bonds has risen to around 0.98%, the highest level since 2014. The annual fiscal deficit of the United States is about $2 trillion, and the government continues to issue treasury bond; Alphabet、 Amazon Meta、 Microsoft and Oracle have issued approximately $220 billion in debt this year, more than double the level of the same period last year. (Source: Reuters)