Woofun AI data shows that the 30-year US Treasury bond yield has consistently remained above 5%, a rare level in nearly two decades, driven by fiscal deficits, AI infrastructure financing, and inflation risks.

Meanwhile, escalating tensions in the Strait of Hormuz and Red Sea have elevated global energy transportation and insurance costs, with Brent crude approaching $95 per barrel.

Tech giants are increasing capital expenditures, with Google raising its 2026 target to $195 billion–$205 billion and OpenAI projecting $700 billion in cloud spending by 2030. This surge in private sector demand competes with US Treasury issuance for long-term funding, while potential new tariffs and persistent inflationary pressures further complicate the macroeconomic outlook.