Lates News

Investment management company Payden&Rygel said in a report that rising oil prices were one of the reasons for the increase in U.S. Treasury yields last week. The report said another reason is that despite a series of shocks, U.S. economic growth remains unusually resilient, and pointed to ongoing AI-related capital expenditures by hyperscale companies. Payden&Rygel said total technology spending in 2026 is expected to exceed $800 billion. Although investors have expressed doubts about the sustainability of capital expenditure-driven growth, Payden&Rygel said similar concerns have been heard for three consecutive years.