A Nasdaq drop exceeding 2% on Amazon and Intel earnings has driven safe-haven flows into US Treasuries, pushing the 10-year yield to 4.925% and the 30-year to 5.31%, with the latter set for its largest monthly decline since 2023. The move reflects risk aversion over AI buildout costs, while roughly 70% December Fed hike odds cap the bond rally's broader bullish signal.
AI Insight · NCSKTLT2USD/USDTAI Insight
▼ Bearish
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Technology stocks sold off, triggering safe-haven buying. The 10-year US Treasury yield fell to 4.925%. The probability of a Federal Reserve rate hike in December was about 70%.