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Treasuries Fall As Tech Shares Rebound And Yields Rise
M
Moneycontrol•20-10-2026, 02:08
Treasuries Fall As Tech Shares Rebound And Yields Rise
- •US Treasuries declined as a strong rebound in technology shares reduced safe-haven demand for government debt.
- •Yields across maturities rose by six to eight basis points, with the 10-year yield climbing to 5.14%.
- •Higher oil prices and new corporate bond offerings from companies like Walmart and Kimberly-Clark further pressured the bond market.
- •European government debt also saw rising yields, led by French bonds amid local economic and political pressures.
Key Questions Answered
Treasuries fell because a rebound in US technology shares reduced haven demand for government debt, lifting yields across maturities by six to eight basis points as traders rebuilt wagers on Federal Reserve rate hikes.
Treasuries faced additional pressure from higher oil prices after US benchmark West Texas Intermediate crude oil futures rose 2.2% to a one-month high.
French 10-year yields climbed 14 basis points to nearly 4.95%—the highest level since 2002—amid cost-of-living riots over the weekend and concerns that its large budget deficit puts its sovereign debt at risk of a downgrade by Moody's.
