Tech stock sell-off due to AI concerns and fluctuations in Treasury yields
- 1Investors moved from stocks to safe-haven assets due to AI concerns, pulling the 10-year Treasury yield below 5%.
- 2The 10-year US Treasury yield recorded 4.997% on Friday.
- 3Supply shortage concerns emerged as Houthi rebels backed by Iran launched new attacks on Saudi Arabian oil facilities.
So what's the key point?
Treasury yields fell to 4.997% as people sold stocks and bought safe assets due to worries about AI. There are also concerns about potential supply shortages after Houthi rebels backed by Iran attacked oil facilities in Saudi Arabia.
Source CNBC · View original ↗
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