US 10-Year Yields Drop 17 Basis Points as Nasdaq 100 Slides 5.5% on AI Fears
Updated
Updated · Yahoo Finance · Oct 18
US 10-Year Yields Drop 17 Basis Points as Nasdaq 100 Slides 5.5% on AI Fears
3 articles · Updated · Yahoo Finance · Oct 18
Summary
10-year Treasury yields fell about 17 basis points last week while the Nasdaq 100 sank 5.5%, a rare tandem drop that suggests Treasuries may be regaining haven status.
AI worries drove the move: slowing revenue growth signs at Anthropic and falling debt prices at CoreWeave raised doubts about a trade that had fueled stock gains, economic strength and inflation pressure.
Bearish bond positioning amplified the rally, with investors heavily set for yields to keep rising after seven months that pushed 10-year yields to their highest in more than two decades.
Strategists say an AI-led slowdown would look more like a classic demand shock, potentially cooling inflation and restoring intermediate Treasuries as an effective hedge after months of failing to protect portfolios.