Treasuries Stabilise, UK Lobbies US On Diesel, More
Summary
A global bond sell-off driven by surging oil prices and US rate hike expectations has pushed the 10-year Treasury yield to 5.25%, prompting UK Chancellor John Healey to pledge fiscal discipline. Meanwhile, ECB President Christine Lagarde warns rising yields will slow growth, while the UK seeks a US exemption from potential diesel export bans. In tech, OpenAI holds back its latest model over safety concerns, and Bain estimates the AI industry needs $6 trillion in annual revenue by 2031 to justify data center investments.
Topics discussed
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Bloomberg News intro
Global bond sell-off and US Treasury yields
UK Chancellor on fiscal discipline and borrowing costs
ECB President Lagarde on growth and inflation
UK lobbying for exemption from US diesel export ban
OpenAI safety concerns and Nvidia's AI security system
Bain report on AI data center spending sustainability
Trump criticizes bail of terror plot suspects
NATO 3.0 and European defense burden sharing
Market update: Oil, Treasuries, and stocks
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