U.S. 10-year Treasury yields fell back below 5% this week as fears about artificial intelligence pushed investors toward safe-haven assets. On Friday the 10-year yield rose 4 basis points to 4.997%, while the 2-year yield climbed 5 basis points to 4.692%. Tech stocks sold off, yields on tech companies' outstanding debt rose and credit default swap spreads widened for many AI firms, amid concern over the massive debt they are taking on to build AI infrastructure. Oil stayed high: December-delivery WTI rose 1.16% to $100.61 a barrel and Brent rose 0.79% to $114.06 a barrel after fresh attacks by Iran-backed Houthi militants on Saudi oil installations. Investors are also awaiting the Federal Reserve's rate decision next week and flash S&P Global PMI readings.
Summary written by Upside AI from the original article. Read the source for full details.
Keywords
bondsFedoil pricesartificial intelligencegold
Open a keyword to see other news on the same topic.
Related tickers and likely impact
DXY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.59 |
| Change that session | -2.84% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- EMEA Morning Briefing : AI Jitters Ripple Through Markets
A Meta Platforms signal that it could soon raise large amounts of cash triggered a rotation out of AI-linked stocks, with the Nasdaq Composite logging its worst day since June. Strategists said financing, not technology, is now the main concern as companies seek funds for AI infrastructure build-outs. Investors piled back into U.S. Treasurys, sending the 10-year yield below 5% after 19 straight days at or above that level. Oil rose after Houthi attacks on Saudi energy infrastructure, and Iran warned it could extend strikes to civilian targets across the Persian Gulf if the U.S. and Israel restart their air campaign. Gold is consolidating ahead of next week's Fed meeting and a U.S. inflation report, while iron ore firmed but steel demand concerns persist.
- TSX futures drop amid gold price fall, AI anxieties
TSX index futures for the S&P/TSX 60 fell 0.3% (6 points) in early trading Friday, after the S&P/TSX composite closed down 1% at 35,973.45 on Thursday. Celestica slumped 12%, and falling gold prices pulled metal mining shares to their lowest close since August 4. In the U.S., the Nasdaq Composite fell 2.6% on Thursday over concerns about funding for AI infrastructure, while Meta announced plans to issue non-voting shares to help raise capital. The 10-year Treasury yield dropped nearly 20 basis points to about 4.95%, while Brent crude touched $114 a barrel for the first time since May. Gold was on track for its sharpest weekly decline in more than four months, and the Federal Reserve is tipped to skip a rate hike at its meeting next week.
- Asian shares wobble as tech rout boosts bonds , dents rate hike bets
Asian shares fell as a tech sell-off hit markets: MSCI's Asia-Pacific index excluding Japan dropped 0.3% on Friday, for a 2.7% weekly loss and a fourth straight weekly decline, with Japan's Nikkei down 1.3% and South Korea's KOSPI down 1.7%. On Wall Street, the Nasdaq fell more than 2%, and Meta shares lost nearly 8% after the company posted its first cash outflow in over a decade due to AI-related spending. Money flowed into US Treasuries, pushing the 10-year yield down more than 19 basis points to 4.9591%, below the 5% level. The implied probability of a December Fed rate hike fell to 85%, while Brent oil hit a five-month peak of US$114 a barrel. Gold was flat at US$4,021.99 an ounce after a nearly 3% overnight drop, failing to attract safe-haven demand.
- Nasdaq Drops 2 . 6 % as Gold Falls and Fed Hike Looms | Global Economy , Oct 23
The Nasdaq Composite fell 2.60% to 26,009 and the S&P 500 lost 1.21% to 7,663, with technology shares leading the decline, while the Dow edged up 0.02% to 52,868. Gold dropped 2.47% to US$4,024 an ounce as the 10-year Treasury yield fell 17 basis points to 4.957%, and the VIX jumped 14.09% to 19.03. Markets expect the Fed to hold at 3.75%–4.00% at its October 27–28 meeting, though Goldman Sachs and J.P. Morgan forecast a quarter-point rise in December, and Polymarket traders put a 93.5% chance on no change. French 10-year borrowing costs closed above 5% on October 21 and 22 (5.08% on Thursday), the highest close since July 2002, while Moody's was scheduled to review France's Aa3 rating today.
- Gold gains as Treasury yields stabilize, Nasdaq surges despite Fed tightening concerns - Kitco PM Report
Spot gold rose in late U.S. trading Wednesday and spot silver recovered from earlier losses, helped by a softer dollar and easing crude prices despite inflation worries and expectations of more Fed tightening. Gold traded near $4,141.01 an ounce (up 0.66%) and silver near $57.976 (up 0.34%). U.S. data stayed weak: September housing starts fell 5.2% to 1.221 million units and pending home sales dropped 7.3%. December WTI settled at $97.15 a barrel, while tensions involving Iran and the Strait of Hormuz remain unresolved. U.S. stocks all closed higher, with the Nasdaq up 1.05% on tech gains.
- Gold Reverses Early Gains as U . S . 10 - Year Treasury Yield Climbs to 5 . 15 %
Gold gave back an early Monday gain as the U.S. 10-year Treasury yield rose to 5.15%. The article cites two quotes: $4,182.30 an ounce, up 0.4% (Reuters), and $4,140, down 0.54% (FXStreet), reflecting different points in the trading day. The 10-year yield was 5.15% on Oct. 19, up 0.06 percentage point from 5.09% on Oct. 16, and FXStreet linked gold's late pressure to higher yields and a firmer dollar. Producer prices rose 1.3% in September, the largest monthly gain since March 2022, and 6.3% over 12 months. Fed minutes showed the target range was raised 0.25 percentage point to 3.75%-4%, with the next meeting on Oct. 27-28.
Related markets
Latest news
- Newegg Now Offers NVIDIA RTX Spark Laptops in the U.S. and Canada
Newegg announced that NVIDIA RTX Spark laptops are now available to order in the U.S. and Canada via Newegg.com and Newegg.ca, starting with the MSI Prestige N16 Flip AI+ priced from $3,299 USD. RTX Spark combines NVIDIA AI, RTX graphics and unified memory in one Windows PC, designed to run larger AI models locally and handle creative work, development and gaming. Creators get accelerated 3D rendering and AV1 encoding, while gamers get ray tracing, DLSS and Reflex in supported games. Purchases are limited to one unit per customer, and Newegg says it will add more systems as partners bring them to market.
- Meta’s capital-raising plans expose a major weakness in the AI boom
Meta (NASDAQ:META) shares fell 7% on Thursday despite strong earnings, after the company unveiled plans to issue a new class of non-voting Class C stock. In its filing, a special committee cited an increasingly challenging environment for raising capital, pointing to recent and anticipated large raises by Alphabet, SpaceX, Anthropic and OpenAI to fund similar AI growth. Meta said it currently has sufficient capital for its needs but wants more financing flexibility going forward, with the new shares available as early as the end of 2026. The article notes Meta raised its 2026 capital expenditure forecast to $135–145 billion, while third-quarter revenue grew 26% to $64.6 billion and capex reached $34.91 billion, pushing free cash flow negative.
- The AI Bottleneck Takes Many Forms. These 7 Stocks Will Benefit.
AI growth is hitting bottlenecks in chips, memory, power, connectivity and cooling, and the Nasdaq-100 Technology Sector Index fell more than 5% in the past week. The article highlights seven companies tackling these constraints. Nvidia still faces GPU supply limits as it ramps Blackwell and Vera Rubin, while Micron, a high-bandwidth memory maker, reported fiscal fourth-quarter 2026 revenue of $54.23 billion versus $11.32 billion a year earlier. Lumentum guided to revenue of $1.225 billion to $1.275 billion for the next quarter, Coherent's data center and communications segment hit $1.615 billion, and GE Vernova reported $24.2 billion in orders. Bloom Energy's Oracle deal covers up to 2.8 gigawatts of on-site fuel cell capacity, and Vertiv supplies cooling systems, though expanding production remains a challenge.
- Same Playbook, Different Silicon: Broadcom Holds the Throne, Marvell Plays the AMD Challenger.
Broadcom and Marvell both beat AI estimates and raised guidance, but Broadcom operates at much larger scale, with AI semiconductor revenue of $16.70 billion, up 221% year over year and 56% of total revenue. Custom XPUs supplied 73% of its AI revenue, while gross margin slipped to 75% and operating margin reached 67.9%. Marvell reported $2.74 billion in revenue, up 36.5%, with data center sales at 79% of the total, and its Google deal includes a warrant for up to 7% of its shares. Broadcom guided to Q4 revenue of about $34.8 billion and AI revenue of about $21.7 billion, while Marvell guided to $3.15 billion and plans about $1 billion in supplier prepayments. Marvell is up 163.4% year to date, while Broadcom is down 6.09%.
- Arm’s Ready-Made Blueprints: The Blueprint Attack on Marvell’s Challenger Crown
Arm reported fiscal first-quarter revenue of $1.29 billion, up 22%, and says AGI CPU demand now exceeds $2 billion, though locked-in supply covers only the initial $1 billion. Marvell posted record revenue of $2.739 billion, up 37%, with data center sales at 79% of the total. The article argues Arm's ready-made compute subsystems and AGI CPU could let hyperscalers skip some custom design work that Marvell sells, and Arm may accept thinner margins, with first-generation AGI CPU gross margin expected in the high 30% range, maybe low 40s, versus Marvell's 58.9% non-GAAP gross margin. Marvell's non-GAAP operating margin rose to 36.6% from 34.8%, while Arm trades at about 248 times earnings. Over the past month, Arm fell 36.94% and Marvell lost 14.8%.
- Alphabet Solves the AI Infrastructure Bottlenecks Competitors Can’t Buy with Debt
The author argues Alphabet (NASDAQ:GOOGL) has an edge by owning its TPU chips, power, private fiber networks and multimodal training data, while rivals must rent them. Google Cloud revenue in Q2 2026 rose 82% to $24.77 billion, and operating income climbed 30.38% to $40.77 billion. The article cites a trailing P/E of 14, debt-to-equity of 0.14, and a 5% quarterly dividend increase to $0.22, and compares these with higher P/E ratios at Microsoft and Amazon. Risks noted include Q2 capital expenditures of $44.92 billion, which pushed free cash flow to -$5.86 billion, long-term debt rising to $98.2 billion, and $49.6 billion raised in equity. After the stock fell 7.16% over the week to $324.22, the author says they bought more shares.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.