0850 GMT - Rising competition for funds by AI companies and governments is causing investors to demand higher yields on their investments, Nuveen's Laura Cooper says in a note. Many of the long-dated bond yields of major economies are close to multiyear highs as investors absorb increased bond issuance both from corporates and sovereigns, she says. Concerns about fiscal sustainability are also contributing to rising government bond yields, Cooper says. "As existing debt rolls over, higher borrowing costs feed into interest expense, putting more pressure on deficits and requiring more issuance." Ten-year German Bund yields climb 0.1 basis point to 3.253%, staying close to a 15-year high of 3.275% reached last week, Tradeweb data show.
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