U.S. government bonds rallied sharply in the week ending October 23 as AI tech stocks retreated and corporate credit risks rose, prompting a flight to quality. Gartner warned that AI data center owners could face up to $4 trillion in asset write-down risk by 2032 if hyperscaler revenue fails to cover heavy capital expenditure. The 10-year Treasury yield fell back below 5.00% for the first time in several weeks, the 30-year yield dropped 10 basis points to 5.32%, and the 10-year to 2-year spread narrowed to 0.31% from 0.37%. Credit default swap prices on neocloud providers and AI hardware builders surged, pushing CoreWeave (CRWV) down about 12% for its third straight weekly decline, while the Dollar Spot Index slipped 0.2% this week.
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 101.74 |
| Change that session | +0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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