Bond sell-off continues, yet Bessent shrugs off concerns

• US 10-year Treasury yields are at a 20-month high, and Japanese 10-year yields hit a 30-year high, indicating a broad global bond sell-off.
• US Treasury Secretary Scott Bessent sees no issue with the bond market and stated no sanctions relief for Russia until the war in Ukraine ends.
• Fast fashion giant Shein's Hong Kong IPO was priced at a valuation significantly lower than its 2022 private market peak, highlighting investor caution.
• Apple is transitioning CEOs, with John Turnus replacing Tim Cook, and faces the challenge of defining its AI strategy and next big product.
• Anthropic reportedly signed a $35 billion deal with Lambda for a data center in Texas, while US politicians express concerns over AI data center construction and energy demands.

Global bond markets are experiencing a significant sell-off, with US 10-year Treasury yields hitting a 20-month high and Japanese yields reaching a 30-year high, driven by inflation fears and geopolitical tensions. US Treasury Secretary Scott Bessent downplayed concerns, while Shein's Hong Kong IPO struggled, reflecting a substantial valuation drop. Apple faces new challenges with a CEO transition and the need for a clear AI strategy.