Heavy borrowing by major U.S. tech companies to finance large AI buildouts is contributing to higher U.S. Treasury yields, Bloomberg reported, with the added debt supply increasing competition for investor capital alongside government bonds. The pressure has helped drive real yields to their highest levels in more than a decade, while the 30-year Treasury yield has moved above 5%, adding to broader long-term borrowing costs. The move in yields also aligns with weaker gold prices, since higher yields often support the dollar and reduce the appeal of non-yielding assets. Market pricing currently points to a low probability of gold reaching $4,700 in August, while a decline in gold prices appears more consistent. Attention is now on whether further debt issuance by tech giants, upcoming inflation data, and Federal Reserve signals on interest rates add to the shift in both Treasury and gold markets.