According to CoinMeta, billionaire investor Ray Dalio warned that the buffer protecting stocks from rising bond yields is rapidly shrinking. He stated at the Milken Asia Summit in Singapore that strong corporate profits have so far protected stocks, but this advantage is weakening as the cycle progresses. Dalio pointed out that rising bond yields mean stocks must provide stronger growth to justify their risks. The current yield on 10-year U.S. Treasury bonds is near 5.3% to 5.36%, which is at a high level not seen in decades. Dalio also mentioned that large government deficits, persistent inflation, and companies' heavy borrowing for artificial intelligence infrastructure continue to put pressure on yields.