BlackRock CEO Larry Fink said that even if the trend of inflation changes, fierce competition for capital may keep interest rates high for a longer period of time. He pointed out that AI infrastructure construction requires a large amount of capital investment, and the US federal government's record fiscal deficit also requires debt financing. The combination of the two will drive the scale of bond issuance to continue to rise. According to Fink, this means that the market will face a “more structured and longer lasting” interest rate environment.

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