AI-Driven Bond Issuance Surge Pushes Real Yields to 18-Year Highs, Posing Risk to Growth Stocks

Treasury yields rising (30-year at 5.31%) and credit spreads widening for Nvidia and Broadcom. This aligns with the AI-driven bond issuance thesis. Stocks have held up so far, but the risk is building. Active traders should monitor this as a potential catalyst for rotation out of high-multiple growth names. Yen carry trade unwind risk also remains a watch item.