10-year Treasury yield hits a three-month low — and it may have to do with AI, strategist says

The AI fear trade appears to be spilling into the U.S. bond market, according to Lawrence Gillum of LPL Financial. - PHOTO: MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO The bond market has caught a bid over much of the past month, with buyers stepping into a crucial part of the $30 trillion Treasury market partly because of anxiety over artificial intelligence’s potential to wipe out many U.S. jobs, according to strategist Lawrence Gillum of LPL Financial. Under Gillum’s theory, the Treasury market’s recent ...