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10-year Treasury yield drops back to 5% this week as investors seek cover from AI worries
Treasury yields and several AI-related risk gauges moved as investors worried about big technology spending and weaker tech stocks.
✓Source-backed summarySource: CNBC
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Key developments
- Investors ran for cover this week as artificial intelligence fears hit stocks, driving the 10-year Treasury below 5%.
- The benchmark yield stayed below 5% on Friday after falling beneath that level Thursday for the first time in a month.
- CoreWeave lost 10% on Thursday and 36% in October, while the yield on its 9.75% bond due in 2031 stood at 15.72%.
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