JPMorgan strategist sees AI productivity boom behind bond yield rise

JPMorgan strategist Jacob Manoukian links rising long-term bond yields to an expected AI-driven productivity boom, rather than solely inflation or debt concerns. The semiconductor sector, a major AI beneficiary, is seen as undervalued with growth potential, while AI-driven corporate debt issuance and treasury yield rises reflect increased investment in data infrastructure.

This Wire brief sits within Fusion42's coverage of Semiconductors.