Long-term Treasury yields around 5% have made government bonds attractive again, but AI infrastructure still offers a better opportunity, according to a Goldman Sachs executive. “Personally, I think the asymmetric expression is being long compute,” said Anshul Sehgal, Goldman’s global co-head of fixed income, currencies, and commodities. Sehgal said he favors AI infrastructure companies, including
Washington and Tokyo’s rare joint intervention to support the yen has put renewed focus on Japan, the largest foreign holder of US Treasurys. Early on Tuesday, the dollar-yen pair traded at around 157 against the dollar after rebounding from a nearly four-decade low of around 164, following intervention by US and Japanese authorities on Friday.
