Robin Brooks: Big U.S. deficits, not AI, explain high long-term yields

Robin Brooks: Big U.S. deficits, not AI, explain high long-term yields
U.S. deficits cited for high yields

Robin Brooks argued that large U.S. deficits, rather than the AI buildout, are responsible for high long-term yields. He points to a recent development where the 10y10y forward yield is flat, while short-term yields have fallen, to support his view.

Brooks previously described the recent spike in the VIX tied to S&P 500 options and AI debt concerns as relatively minor. He has also commented on the normalization of Persian Gulf oil exports after temporary shipping cost increases. Recent statements continue his focus on data-driven explanations for market movements.

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