Treasury Yields Slide as Hot Inflation Data Sparks Tech Sell-Off
U.S. Treasury yields dropped on Thursday as hotter-than-expected wholesale inflation data prompted investors to dump technology shares and move into government bonds.
Archive
U.S. Treasury yields dropped on Thursday as hotter-than-expected wholesale inflation data prompted investors to dump technology shares and move into government bonds.
CoreWeave shares fell 16% on Wednesday and yields on its debt approached 15% amid growing market concern over the scale of debt financing backing artificial intelligence infrastructure.
A report published via Hacker News argues that market failures in rare earth supply chains cannot be solved by conventional loans alone, proposing contingent convertible instruments instead.
Yields on high-yield corporate debt reached 8.1% as credit spreads widened to levels last seen in April, driven by energy price inflation, federal borrowing, and rising pressure on the lowest-rated corporate borrowers.
Across the United States, communities are uniting in opposition to the development of new AI data centers, transcending traditional political divides.