Techub, citing CNBC, reported that investor concern over artificial intelligence spending hit equities this week and sent money into safer assets, pulling the 10-year U.S. Treasury yield back below 5%. The move came as markets grew uneasy about the large debt loads technology companies are taking on to build AI networks. That pressure weighed on tech stocks, pushed up yields on tech company bonds, and widened credit default swap spreads for several AI companies. By Friday, benchmark Treasury yields had edged higher on the day, with the 10-year note up 1 basis point to 4.966% and the 2-year yield up 2 basis points to 4.658%, while the 30-year yield was little changed at 5.292%. The report frames the week’s Treasury move as part of a broader risk-off shift tied to concerns around AI-related financing and its effect on the technology sector.
Investor concern over artificial intelligence spending rattled equities this week and drove a flight to safety, pulling the yield on the 10-year U.S. Treasury back below 5%, according to a Techub report citing CNBC.
The report said investors are worried about the large debt burdens technology companies are taking on to build AI networks. That pressure hit tech stocks, lifted yields on bonds issued by technology companies, and widened credit default swap spreads for several AI companies.
Friday Treasury moves
On Friday, the 10-year U.S. Treasury yield rose 1 basis point to 4.966%. The 2-year Treasury yield added 2 basis points to 4.658%. The 30-year Treasury yield was relatively steady at 5.292%.
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