[Waller: Economic Strength, Capital Competition, and Geopolitics Drive Up U.S. Treasury Yields] BlockBeats News, September 17, Federal Reserve Governor Waller stated that the current rise in U.S. Treasury yields is primarily due to three factors: first, the strong performance of the U.S. economy; second, intensified capital competition, with a significant increase in corporate capital expenditures (Capex) being a tangible trend; third, geopolitical factors. Waller noted that the financing demand driven by economic growth, capital competition, and geopolitical changes have collectively pushed up bond yields.