US Treasury yields nudge higher as AI fears ebb
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓US Treasury yields edged higher on Monday as concerns about AI stocks eased.
- ✓The 10-year Treasury yield rose 0.8 basis point to 5.106% after a big weekly drop.
- ✓Jim Barnes said, "You see that trend reversing a little bit." Meanwhile, the Housing Market index fell to 29 this month.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
US Treasury yields edged higher on Monday, with the benchmark 10-year Treasury yield coming off its biggest weekly drop in seven months, as concerns about the impact of higher interest rates on AI stocks eased.
The 10-year yield dropped 14.6 basis points last week, even after hotter-than-expected inflation readings in the form of the consumer price index and producer price index, as equity markets sold off due to worries that investments in AI infrastructure stocks could begin to dry up, boosting the safe-haven appeal of Treasuries.
But stocks were higher in early trading on Monday, as AI stocks recovered, while a dip in oil prices also helped temper inflation concerns.
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The Economic Times
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