Rockefeller CIO Chang flags fiscal deficits as driver of rising global bond yields

• Rockefeller Capital Management CIO Jimmy Chang told Bloomberg’s The Close global bond yields have risen on expanding fiscal deficits.
• He 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.

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