US yield curve flattening; advanced economies likely to attract global capital: William Lee

William Lee, Chief Economist and Managing Director of Global Economic Advisors discusses US Treasury yields, global credit demand, private credit, capital flows, emerging markets and the yen carry trade. William Lee, Chief Economist and Managing Director, Global Economic Advisors, expects the US yield curve to flatten further, with long-end yields moderating but facing renewed upward pressure from strong global demand for credit. He says the US fiscal position and the capital expenditure buildup linked to the AI trade will keep competition for capital intense over the next several years. Lee believes advanced economies will continue to attract capital from emerging…