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BlackRock turns bearish on long-term Treasuries as AI funding wave looms

BlackRock turns bearish on long-term Treasuries as AI funding wave looms

NEW YORK, Dec 2 (Reuters) - The BlackRock Investment Institute said on Tuesday it is turning bearish on long-term U.S. Treasuries, warning a coming wave of AI-related financing could put upward pressure on U.S. borrowing costs and exacerbate worries over U.S. government indebtedness.

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