(Bloomberg) — Most Treasuries fell as stocks extended their recovery from last week’s slump, damping the appeal of US government bonds as a hedge.
The declines lifted short- and intermediate-term yields, with the two-year note’s rising by as much as five basis points to 4.57% before retreating to around 4.54%. The move reversed about half of its 12-basis-point drop on Nov. 5, when the Nasdaq 100 index suffered its biggest slide since March 2020 on worries about rising political opposition to the data centers powering artificial-intelligence.
