Treasury yields slip as Binance hack, AI selloff curb risk appetite

Treasury yields fell as the $6.3 billion Binance hack and AI selloff drove a flight to safety. The BOJ held rates, joining the Fed and ECB, with markets pricing December hikes from all three. The Q3 employment cost index rose 0.8%, matching consensus. The 10-year was at 4.939% and the two-year at 4.606%, both slightly lower and on track for big monthly declines.