1038 GMT - Mounting competition for funds by governments and corporates is causing sharp moves in the global bond markets, Quilter Cheviot's Richard Carter says in a note. AI-linked companies are expected to issue more debt to fund their expansion and governments borrowing needs are rising, leading investors to demand extra compensation to buy bonds. U.S. 10-year Treasury yields hit 5.150%, their highest since 2007, Tradeweb data show, while 10-year German Bund yields rise to 3.578%, their highest since 2009. Ten-year gilt yields rise to a nine-day high of 5.389%.