**Treasury Yields Fall as AI Sells Off**

The **10-year Treasury yield** dipped below 5% for the first time since September 23, touching **4.996%**. It fell about 15 basis points on the day and is roughly 30 basis points below the October 5 peak of 5.31%.

The move comes with **Brent crude above $111**, its highest level since May. The **Nasdaq is down 2.2%** and the S&P 500 is down 1.4% as META, TSLA, and AMZN slide. Money is rotating from AI stocks into bonds.

The US 10-year also traded below France’s 10-year yield for the first time in 13 years. The bond market is treating the **AI selloff as a growth scare**. If **capex doubts spread**, falling yields could become the cushion the rest of the market leans on.

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