US Treasury yields slipped on Wednesday as investors weighed the impact of higher borrowing costs on AI related stocks, while the market awaited a $13 billion auction of 20 year bonds later in the day, according to a Reuters report.
The move came as recent swings in AI stocks continued to influence the bond market. Concerns over the heavy spending needed to build AI infrastructure have raised questions about how higher interest rates could affect companies such as CoreWeave. When those concerns weigh on equities, investors have at times shifted towards Treasuries, pushing yields lower.
