The yield on the 10-year U.S. Treasury fell by more than 17 basis points to 4.972%, slipping below 5% for the first time since Sept. 23. Investors sought refuge in Treasurys amid weakness in technology stocks, concerns about spending on artificial intelligence and rising oil prices. The two-year yield dropped by more than 16 basis points to 4.659%, while the 30-year yield declined by more than 14 basis points to 5.296%. Oil prices rose sharply, with West Texas Intermediate closing at $99.47 per barrel and Brent reaching $113.17, reinforcing geopolitical concerns about the Middle East.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
