10-year yield bounced to 4.992% but held below 5%, with AI rally doubts still feeding the Treasury bid. Thursday's 19.3bp drop was the biggest since SVB, and BondBloxx's JoAnne Bianco says over 5% is

What happened: US Treasury yields rose after a sharp drop in the previous session, with the benchmark 10 year yield staying below 5% as lingering AI market concerns kept investors cautious. Key numbers: 10 year yield below 5%. Why it matters: Strong economic activity and sticky inflation remain key factors for bond markets, while expectations of a Federal Reserve rate hike next week weakened further. Coverage: 4 outlets in 24h

US Treasury yields rose after a sharp drop in the previous session, with the benchmark 10 year yield staying below 5% as lingering AI market concerns kept investors cautious.

Strong economic activity and sticky inflation remain key factors for bond markets, while expectations of a Federal Reserve rate hike next week weakened further.