Bond yield swings rattle markets worldwide as AI optimism boosts Wall Street
Summary
More swings in the bond market rattled stock markets around the world on 1 October, while AI optimism boosted Wall Street. High yields slow the economy by making it more expensive for everyone to borrow money, while undercutting prices for stocks and other investments, PBS NewsHour noted. On 2 October, Business Insider reported ING's view that the AI boom is pushing bond yields higher in ways that go beyond corporate borrowing, noting that the 10-year Treasury had hit its highest level since 2002 and the 30-year yield a 24-year high.
Latest: ING said the AI boom is pushing bond yields higher in ways that go beyond corporate borrowing, with the 10-year Treasury at its highest level since 2002, Business Insider reported.
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How it unfolded
Friday 2 October
ING said the AI boom is pushing bond yields higher in ways that go beyond corporate borrowing, with the 10-year Treasury at its highest level since 2002, Business Insider reported.
Thursday 1 October
More swings in the bond market rattled stock markets around the world, while AI optimism boosted Wall Street.