US Treasury yields rose on Friday but the benchmark 10 year yield remained below the closely watched 5% mark as lingering doubts over the sustainability of the AI led market rally continued to support demand for government bonds, Reuters reported.
The move came a day after the 10-year yield recorded its steepest one day fall in nearly four years, as investors sought safer assets amid renewed concerns around AI related stocks. The yield had dropped 19.3 basis points on Thursday, its biggest daily decline since March 10, 2023, when SVB Financial Group was closed by regulators after its failed attempt to raise capital.
