Treasuries Head for Biggest Drop in Week as Risk Appetite Jumps

2026년 2월 25일 · Unknown · financial · 출처 Yahoo Finance

Photographer: Stefani Reynolds/Bloomberg

(Bloomberg) -- Treasuries fell and the dollar slipped as investors exited haven assets following advances in tech stocks.

US 10-year yields rose two basis points to 4.05%, while the greenback lagged most peers along with the yen. The increased appetite for risk also led money markets to trim wagers on Federal Reserve interest-rate cuts, adding to the pressure on the bond market.

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“With 10-year Treasury yields so close to the 4% psychological level, I see better value in fading any bid if it emerges,” said Evelyne Gomez-Liechti, a strategist at Mizuho International Plc.

Swaps tied to Fed policy-meeting dates have reduced the chances of a quarter-point cut by June to 50%, the lowest so far this year. The possibility of a third reduction by year-end has almost vanished.

Traders will be watching a trio of Fed policymakers set to speak later on Wednesday. Thomas Barkin, Jeffrey Schmid and Alberto Musalem — who all have a slight hawkish bias toward monetary policy — are non-voters this year.

A test of bond demand will come when the Treasury sells $70 billion of new five-year notes at 1 p.m. in New York, following Tuesday’s solid two-year offering.

Then the focus will turn to Nvidia Corp.’s latest quarterly results scheduled for after the market close on Wednesday. Investors are waiting for fresh evidence that the AI spending boom remains on track.

Nasdaq stock futures rose 0.2%, extending the tech-heavy index’s 1% gain on Tuesday, as concern over the disruptive effects of artificial intelligence eased after weeks of turmoil.