A sell-off in US government bonds intensified on Wednesday, sending technology stocks sharply lower for a second straight day.
The yield on the 10-year US Treasury bond, which acts as a benchmark for global borrowing costs, climbed to nearly 1.5 per cent at one point. It later settled around 1.47 per cent, up nearly 0.08 percentage points on the day.
Treasury trading has been particularly volatile for a week now — 10-year yields briefly eclipsed 1.6 per cent last Thursday — but the rise in yields has been picking up pace since the start of the year and the moves have begun weighing heavily on US stocks.
您已閱讀16%（608字），剩余84%（3176字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。