Treasury Yields Fall Again as AI Trade Jitters Support Demand
U.S. Treasurys are serving as a refuge for investors concerned about the durability of the AI trade. Yields briefly rose after Microsoft announced a large bond sale, then quickly turned lower.
By Sam GoldfarbU.S. Treasurys are again serving as a refuge for investors worried about the durability of the AI trade.Treasury yields, which move in the opposite direction of bond prices, briefly ticked higher after Microsoft announced a jumbo-sized bond sale, its first since 2017. But they quickl…