If you are a buyer of NVDA (and related AI/automation names) and believe all the hype about their growth and productivity improvements that will structurally improve corporate profit margins, then you need to be a size seller of the long end of the UST curve because the debt based monetary system is not able to handle the wage deflation that comes next. The labor displacement will force the subsequent need of the US government to come in and provide stimulus for its increasingly displaced labor force. The deficits are going to explode even further. Investors are looking for the "Goldilocks Productivity Miracle" that arrives just on time, not too early or too late, and is not too big and not too small. Needs to be just right in order to thread the needle to balance between deflation and inflation that will ensue as the government puts more workers on its own payroll while already operating at 6%+ deficits as % of GDP and debt to GDP levels above 120%. Could happen. I'm not betting on it.