2-Year Treasury Yield Hits 16-Month High, Triggering AI Platform Selloff
The US 2-Year Treasury yield surged to a 16-month high on June 5, triggering a coordinated selloff across FANG+ names including Meta, Microsoft, Alphabet, NVIDIA, and Broadcom. Rising short rates compress terminal value assumptions for duration-sensitive AI platform stocks. A further 25-50 basis point move could accelerate rotation into value and income sectors.
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