Munis and Treasuries Rally Amid AI Concerns, Yields Shift
1 report, 1 independent
Updated Oct 22
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Munis rallied Thursday morning, following U.S. Treasuries higher as fears over artificial intelligence drove a flight-to-safety. Refinitiv MMD's scale was bumped six to 10 basis points, with the 10-year yield reported at 3.62%-3.64% and the 30-year at 4.89%-4.91%. ICE AAA and Bloomberg BVAL yields also fell.
From bondbuyer.com
Why it matters
Investor concern over artificial intelligence led to a flight-to-safety into assets like Munis and U.S. Treasuries. This sentiment caused AI worries to supersede rising oil prices and ongoing geopolitical tensions in the Middle East.
From bondbuyer.com
Who's involved
- RefinitivGlobal provider of financial markets data and infrastructure
- MMAFrench mutual insurance group whose market performance is reported by Refinitiv
- Thomson ReutersCanadian publisher; Refinitiv is a subsidiary of Thomson Reuters
- London Stock Exchange GroupBritish multinational stock exchange that acquired Refinitiv