The yield on the US 10-year Treasury note held just below 5% on Monday after sliding for three straight weeks, as mounting concerns about artificial intelligence spending that spurred a global tech selloff continued to drive safe-haven demand for bonds. Investors are now looking to earnings from megacap tech names, including Amazon, Alphabet and Microsoft, for further indications of AI demand, which has helped underpin US economic growth. Meanwhile, preliminary third-quarter GDP figures and September PCE inflation data are expected to provide additional clues about the health of the economy and the inflation outlook. Markets are also focused on the Federal Reserve’s upcoming policy decision, with the central bank widely expected to keep interest rates unchanged before potentially raising them in December. Elsewhere, central banks in the Eurozone and Japan are also expected to maintain current rates.