According to CoinMeta, Castle Securities believes that the recent rise in U.S. Treasury yields to multi-decade highs is due to strong U.S. economic growth and intensified competition for capital, rather than an increase in market concerns about inflation. Nohshad Shah, the head of fixed income sales for Europe, Middle East, and Africa at Castle Securities, pointed out in a report to clients on Monday that the increase in the yield of 10-year U.S. Treasuries on September was almost entirely due to real yields, while inflation expectations remained relatively stable. He stated that the market is assessing the strength and sustainability of economic growth, as well as the real interest rates required to accommodate this growth. Shah also noted that higher potential returns encourage companies to increase investment in AI, but the related financing activities, along with the persistent government deficit, will intensify the competition for capital. It is reasonable for the market to expect the Federal Reserve to raise interest rates about four times over the next 12 months.