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The decline in the “safety” and “liquidity” appeal of government bonds is the main reason, contributing to about 50% of the increase in interest rates. In addition to the reduced attractiveness of government bonds, the outlook for productivity growth driven by artificial intelligence (AI), as well as the surge in the ratio of government debt to GDP in various countries, are also important factors pushing up interest rates. Expand

According to Golden Ten Data, ChainCatcher reports that on Wednesday, Federal Reserve's Schmid stated that excessively high inflation remains a key issue that the Fed needs to address, but he did not specify how monetary policy should respond. Schmid said: "I believe we still have work to do regarding inflation," while also noting that employment conditions are quite good. He pointed out that the large amount of mortgage-backed securities held from the Fed's previous bond-buying actions continues to suppress housing borrowing costs, and that mortgage rates "may be 75 to 100 basis points lower than they otherwise would be."

Jinse Finance reported that CME announced on Wednesday that trading on the CME Globex metals and natural gas futures and options markets has been suspended due to technical issues. The exchange operator stated that its support team is investigating the matter. Earlier this month, CME Group reported a delay in the publication of metals settlement prices.