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Wall Street’s enthusiasm for artificial intelligence is helping technology stocks withstand a surge in interest rates that would normally put significant pressure on equity valuations, Bloomberg News reported Sunday.The 10-year Treasury yield TVC:US10Y recently topped 5.3% while the 30-year yield r…
US Treasury yields rose sharply, with the 10-year yield approaching the peak reached in June 2007.
US Bonds are down: Treasury yields extended gains, and the benchmark 10-year Treasury note hit a 24-year high, after closing out September with its biggest quarterly gain since 1994. But yields turned lower as buyers stepped in