STOCKS | Fed Governor Christopher Waller Says U.S. Treasury Yields Face Upward Pressure

According to Jin10, Fed Governor Christopher Waller said mortgage rates and auto loan rates are not low, and he expects next month’s CPI and PPI to be "at reasonable levels." He said "easy financial conditions" actually reflect stock prices, and that the rates affecting ordinary Americans are not easy. Waller said the United States cannot keep a structural fiscal deficit of 3% indefinitely, which does not necessarily mean the country will "fall off a cliff," but it could lead to further increases in yields. He added that fiscal factors and competition from artificial intelligence for capital are pushing yields higher, and some studies show that the premium on U.S. Treasuries has disappeared, which is also driving yields up.