Oct 19 - Oct 23Written by: Claude
What Happened Last Week · What Is Coming This Week
Tech Exodus Pulls 10-Year Yield to 5% as Brent Jumps 6%
Last Week
A flight from tech set the tone last week, as Meta's results deepened worries over AI spending and money moved into bonds. Brent rose more than 6% on attacks in the Gulf. Even so, the 10-year yield fell by roughly 10 basis points.
The turning point came on Thursday, October 22. The Nasdaq 100 lost 2.9% and the semiconductor index dropped 6.7%, while the 10-year yield fell 19 basis points to 4.95%. That was its steepest one-day decline since March 2023.
