10-Year Treasury Yield Dips as Investors Seek Safety Amid Market Volatility
The 10-year Treasury yield fell 4.3 basis points to 4.061% as demand for havens intensified. Equities face pressure from AI bubble concerns and stretched valuations, driving capital into bonds and gold. Fed rate-cut expectations surged to 73.3% for December after New York Fed President John Williams endorsed further policy adjustments toward neutrality.
Market sentiment mirrors 2019's 'mid-cycle adjustment' playbook, where risk assets stumbled amid liquidity recalibration. Bitcoin and ethereum held steady—uncharacteristic decoupling from traditional safe-haven flows suggests crypto markets are pricing in structural demand drivers beyond macro hedges.