The 10-year Treasury yield just dipped below 5% for the first time since September 23It touched 4.996% this morning per …
The 10-year Treasury yield just dipped below 5% for the first time since September 23
It touched 4.996% this morning per Bloomberg data, down about 15 basis points on the dayThat is roughly 30 basis points below the October 5 peak of 5.31%And it is happening with Brent crude above $111, the highest since MayMoney is rotating out of AI stocks and into bonds. The Nasdaq is down 2.2% and the S&P 500 is down 1.4% as $Meta Platforms(META.US), $Tesla(TSLA.US) and $Amazon(AMZN.US) slide (AP)Per Reuters, the US 10-year even traded below France's 10-year yield this morning for the first time in 13 yearsNormally an oil spike pushes yields higher on inflation fears. This time the bond market is treating the AI selloff as a growth scare, and that is the bigger signal. If capex doubts keep spreading, falling yields could become the cushion the rest of the market leans onSource: StockMarket.News
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