Rockefeller CIO Chang flags fiscal deficits as driver of rising global bond yields
TLT•Fiscal deficits and AI spending pressure global yields
Rockefeller Capital Management CIO Jimmy Chang told Bloomberg’s The Close that global bond yields have risen on expanding fiscal deficits.
He also flagged increased borrowing tied to AI investment as another driver of higher yields. Chang cited policy challenges in Japan as an added pressure point for global rates.
Investors are focusing on how future AI infrastructure spending will be funded, with potential market implications.
