La inflación, el déficit y la fiebre por la IA disparan el interés de los bonos a máximos de dos décadas

Inflation, deficits, and a feverish rush towards artificial intelligence (AI) are driving demand for bonds to record highs not seen in two decades, according to experts. The world is becoming increasingly unpredictable, with skyrocketing energy costs and governments and corporations vying for funding, leading investors to demand higher returns on long-term loans.

These are the conclusions emerging from the powerful bond market investors, who are currently experiencing interest rates soaring to levels not seen in over two decades. The bond vigilantes, large institutions that open and close the money spigot and have the power to turn governments that neglect their public accounts into nightmares, are warning the world that lending money becomes more costly when uncertainty is higher.

Their warning has not yet triggered a selling panic, but it evokes past moments of great fiscal tension and financial stability risks.