10-Year Treasury Yield Slips Back to About 5% as AI Worries and Oil Drive Haven Demand

The 10-year Treasury yield ended the week of Oct 19-23 at about 5.00% (2-year about 4.69%), per ETF Trends' weekly snapshot, after dipping below 5% midweek for the first time in a month, per CNBC. CNBC attributed the move to investors seeking cover from AI-spending worries and higher oil prices. The Fed funds rate is 3.75-4.00% with no change expected at the Oct 27-28 FOMC; futures price a high probability of a quarter-point hike in December. Figures are from summary snippets and may differ slightly across outlets.