US Treasury yields slip as AI concerns boost safe haven demand ahead of 20 year auction

What happened: US Treasury yields fell as concerns about AI spending boosted safe haven demand for bonds ahead of a 20 year auction. Key numbers: 10 year yield fell 1.5 basis points to 5.102%, on track for a second daily decline. 30 year slipped 1.2 basis points to 5.413%. 2 year declined 0.9 basis point to 4.778%. Why it matters: Bill Northey of U.S. Bank Wealth Management described a risk on, risk off rotation where equity drawdowns drive flows in and out of Treasuries, and said the 10 year yield at 5.1% is becoming competitive with equities for fixed income investors.

AI concerns boost safe haven demand ahead of 20-year auction, slipping Treasury yields.

AI concerns boost safe haven demand ahead of 20-year auction, slipping Treasury yields. — impact context not separately stored; see What changed.