October 16, 2026 10:19 PM GMT Global Macro Commentary | North America October 16: AI Selloff Meets Oil Surge AI concerns deepen US equity sell-off; Brent reaches $110 amid geopolitical tensions; US rates twist-steepen; Indonesia equities fall 11.6%; DXY at 101.78 (-0.2%); US 10y at 5.07 (+1.5bp). US rates twist-steepen as rising oil prices and inflation concerns pressure the long end, while renewed weakness in AI-related equities supports front-end Treasuries and reduces expectations for an October Fed hike ...