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Treasuries Extend Rally With Global Peers on Tech Stock Selloff

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Treasuries Extend Rally With Global Peers on Tech Stock Selloff A rally in Treasuries gathered pace in Asia on Friday as a selloff in US tech stocks drove investors to the safety of US government debt. Treasury yields dropped at least four basis points across the curve, extending declines from the New York session.

Treasuries Extend Rally With Global Peers on Tech Stock Selloff A rally in Treasuries gathered pace in Asia on Friday as a selloff in US tech stocks drove investors to the safety of US government debt. Treasury yields dropped at least four basis points across the curve, extending declines from the New York session. Australian and New Zealand debt tracked the moves, with yields on the respective benchmark 10-year notes falling more than five basis points.
Tech Stock Selloff Treasuries (ORG) Rally With Global Peers (ORG) Treasuries (ORG) Asia (LOCATION) US (LOCATION) Treasury (ORG) New York (LOCATION) Australian (ORG) New Zealand (LOCATION)
Originally published by Bloomberg Markets Read original →