Finance

Money flows into U.S. Treasuries on AI bubble fears

Money is flowing into U.S. Treasuries, a safe-haven asset, as technology shares wobble on concerns about an AI bubble, the Financial Times reported on Friday. U.S. Treasury prices recorded their biggest weekly rise of the year, the report said. The benchmark 10-year Treasury yield fell to 5.13 percent on Oct. 16, down 0.12 percentage points over a week. European government bond yields also declined, with UK and Italian 10-year yields falling.

Crypto

Fed rate hike odds jump to 94.5 percent, putting $70,000 bitcoin at risk

Odds of a 0.25 percentage point U.S. Federal Reserve rate hike have climbed to 94.5 percent, leading Wall Street to treat a move as a near certainty. If implemented, the federal funds rate would rise to 3.75 percent to 4 percent from 3.50 percent to 3.75 percent. Attention is shifting to the rate path after the decision, as Treasury yields rise and bitcoin has fallen from its September peak.