Risk off, Rate Reprieve and a new OpenAI Lawsuit 10/15/26

AI-sector selling is dragging Treasury yields down even as inflation data and analyst warnings suggest neocloud financing risk and price pressure are both intensifying.

• Yields vs. inflation paradox: 10-year Treasury fell ~30bp as AI stocks sold off, even as hot PPI data and Steve Leisman's forecasts point to rising core PCE (~3.1% YoY) and diesel-driven cost pressure feeding into food/airfares within months.
• CoreWeave whiplash: Shares swung from -10% to +3% intraday after NVIDIA's Jensen Huang said CoreWeave 'does not need a backstop'; stock still down ~55% from highs amid refinancing and margin concerns on GPU-backed debt.

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