10-Year Treasury Yield Hits 5% as AI Stocks Retreat
The 10-year Treasury yield has breached 5% for the first time since 2023, driving a global retreat in AI stocks and pushing 30-year yields to 5.38%. As oil prices climb and Goldman Sachs now anticipates a Fed rate hike, investors are pricing in a near-certain policy shift to combat inflation.
Per GN auto markets/bonds: bond yields, the 30-year Treasury yield also briefly spiked to 5.38% before retreating, while Goldman Sachs shifted its forecast to expect a rate hike this week. Strategists suggest that a Fed move could restore credibility and alleviate pressure on long-term yields, with Polymarket odds for a September hike now sitting at 80%.
Source: Yahoo Finance UKThe 10-year Treasury yield touched 5% for the first time since 2023. This move followed a brief spike in oil prices that pressured the bond market. AI sector shares fell globally after industry leaders called for a development pause. The S&P 500 dropped 0.3% as broader tech stocks offset the losses.
Source: WHEC.com
