A sell-off in AI stocks drove safe-haven buying of government bonds, pushing the US 10-year Treasury yield down 10bps to 5.089%, Germany's down 8.5bps to 3.3819%, France's down 11.5bps to 4.7619%, and Italy's down 10bps to 4.4657%, with TD Securities' Prashant Newnaha attributing it to lowered growth expectations from the AI sector plunge.

Jin1010/15, 03:15 PM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

US10Y
Pushes down
IntradayMedium confidence
AI stock sell-off drove safe-haven bond buying, pushing the US 10-year yield down 10bps
Gold
Pushes up
IntradayMedium confidence
Safe-haven demand from the broader risk-off move tends to support gold alongside bonds

What could change this

If the AI stock sell-off proves short-lived, the safe-haven bid for bonds and gold could quickly fade.

4.99+0.71%vs previous close

-3.89%

since this story

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