According to CoinMeta, as reported by an early issuer of in, the actual yield on 30-year inflation-protected U.S. Treasury bonds has risen to 3%, reaching a new high since the financial crisis. Analysts believe that infrastructure financing has pushed up long-term interest rates. As of July, hyperscale cloud providers, data centers, and AI infrastructure projects have issued $308 billion in debt, which is approximately 13 times more than in the same period last year, creating competition for funds with long-term U.S. Treasuries.