Treasury yield holds at 5.24% as crude climbs, gold and bitcoin slip
WTI climbs 1.5% and gold slips 0.6% while Bumble's take-private talks mark a reversal from earlier IPO reports
Published
Chart: US10Y, US 10-year Treasury yield, one-minute prices, three sessions
The 10-year Treasury yield held at 5.24%. WTI crude rose 1.5% to $93.23 a barrel. Gold fell 0.6% to $4,168.35 an ounce. Bitcoin dropped 0.8% to $82,898.
Meta launched a new AI model, extending a run of frontier-capability announcements that have driven sharp single-day stock swings this quarter, including the more than 10% surge tied to Muse Wonder's debut in September.
Microsoft pressed ahead with in-house AI chip development as part of a broader hardware and cloud buildout. The push continues even as the Labor Department has suspended Microsoft from the PERM green-card program, and Vice President Vance has said the company has abused the visa system more than any other.
Bumble is now described as being in advanced talks to go private at a valuation of $1 billion, a reversal from earlier reports that framed the discussions as preparation for a public listing. None of the day's corporate developments appear to be driving the broader market: the moves in crude and gold are being tied more to broader commodity flows than to any single company's news.