- Intel and Amazon reported disappointing earnings.
- 10-year Treasury yield fell to 4.947% from 4.978% before the releases.
Disappointing quarterly reports from Intel and Amazon drove a late-afternoon rally in Treasurys. The 10-year yield fell to 4.947% from 4.978% before the earnings, according to Tradeweb. The move reflects renewed investor concern about the sustainability of the AI-driven rally.
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