[Analysts Say Slowing AI Capital Spending May Affect Fed Rate Hike Prospects and US Treasury Yields] According to Jinse Finance, on November 5th, John Luke Tainer, portfolio manager and head of fixed income at Aptus Capital Advisors, stated in a report that after the Democratic Party's progress in the gubernatorial elections, the market still needs to pay attention to whether AI capital spending and data center construction will be affected, or simply shift to states with more favorable policies. He judges that related investments will slow down, but perhaps not as much as the market fears. Regarding the Fed rate hike prospects, Tainer said that if the main inflationary pressures come from energy prices and AI spending, the 25 basis point rate hike in September is likely the last one in this cycle; government deadlock usually drags down GDP growth, potentially opening up room for further declines in the entire yield curve.