* 10-year yield on pace for second straight daily decline
* Markets price 14.9% chance of 25-basis-point Fed hike, CME FedWatch shows
NEW YORK, Oct 21 (Reuters) - US Treasury yields edged lower on Wednesday, as investors gauged the impact of higher interest rates on AI stocks that have helped propel economic growth, but eased from earlier lows after an auction of 20-year bonds.
Yields have been sensitive to movements in the equity markets in recent days, as concerns about the impact of higher borrowing costs on AI infrastructure stocks such as CoreWeave have at times weighed on stocks and increased the safe-haven appeal of Treasuries, sending yields lower.
US stocks climbed on Wednesday, and the Nasdaq rallied more than 1%, buoyed in part by a surge of about 7% in SpaceX shares after its quarterly results eased some worries about the AI sphere, but CoreWeave shares dipped.