Fed's Warsh: bond yields rise on capex competition, not inflation fears

Fed Chair Kevin Warsh said rising bond yields reflect economic strength and surging capital expenditures, with hyperscalers raising funding increasing competition for capital.
Warsh said a loss in confidence in the central bank's inflation fight mettle is not among the forces pushing up bond yields.
Warsh also cited geopolitical factors as contributing to higher borrowing costs.

Sources