Treasury yields fall toward 4.8% as AI sell-off supports bonds

Nov 9, 2026 00:13 (15h ago)

U.S. Treasury yields edged lower as falling oil prices, midterm election results and a global AI-stock sell-off supported bonds.
The 10-year Treasury yield fell to around 4.8%, more than 0.5 percentage point below its early-October peak, while Taiwan’s ETF dropped 11.7% and South Korea’s fell 10.4%.
Yardeni Research called the AI retreat a temporary setback, but October CPI, Treasury auctions, Federal Reserve policy and the pace of data-center investment remain key market tests.

U.S. Treasury yields edged lower as falling oil prices and a global sell-off in artificial-intelligence stocks supported bonds, while Democratic control of the Senate and House raised expectations that President Donald Trump's plans for additional tax cuts and higher fiscal spending could face constraints. Yardeni Research described the AI retreat as a temporary setback that could deflate excess valuations without ending the technology boom, citing record earnings and continued demand. The 10-year Treasury yield recently fell to around 4.8%, more than 0.5 percentage point below its early-October peak. Investors remain focused on whether slower data-center investment will ease growth, inflation, corporate bond issuance and future Treasury supply, as well as on October consumer-price data, Treasury auctions and the possibility of another Federal Reserve rate increase.