[Viewpoint: Fed's Rate Cut Expectations Fail to Lower Long-Term U.S. Treasury Yields, Inflation and Fiscal Risks Remain Concerns] Citadel Securities stated that the Federal Reserve's current policy path is driving long-term U.S. Treasury yields to remain at multi-decade highs, potentially posing broader risks to the market. Despite recent cooling in inflation and employment data, the yield on the 30-year U.S. Treasury bond still climbed to 5.28% at one point, the highest level in 19 years, indicating that the market remains cautious about long-term inflationary pressures and fiscal risks. In the field of artificial intelligence, Citadel Securities is more optimistic about cloud infrastructure and large cloud computing enterprises rather than cutting-edge AI model developers. The firm prefers to invest in 'hyperscalers' with advantages in computing power infrastructure, including Microsoft (MSFT) and Alphabet (GOOGL), the parent company of Google.