U.S. Consumer Spending Slowdown Threatens Stock Gains as 30-Year Treasury Hits 2007 Levels, UBS Strategist Warns

According to UBS chief strategist Bhanu Baweja, U.S. consumer spending will slow as real disposable income growth approaches zero and fiscal support fades, posing a threat to stock market gains despite strong first-quarter corporate earnings driven by artificial intelligence. The 30-year U.S. Treasury yield has risen to levels last seen in 2007 over the past few trading days.
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