The yield on the benchmark 10-year US Treasury note dropped below 5% this week for the first time in a month, as a sell-off in technology stocks driven by artificial intelligence concerns drove a flight to safe-haven assets. The move was compounded by weakness in French sovereign debt markets and by rising oil prices that tested $100 a barrel after fresh Houthi attacks on Saudi oil installations. The Federal Reserve's next rate decision is now in focus.
organisation
US Treasury
US government department managing public debt