Bond Rally Stalls as Rising Risk Appetite Dulls Haven Demand

Treasuries and the dollar retreated as demand for haven assets ebbed with renewed risk appetite lifting technology stocks higher. Yields on five-year notes climbed almost 2 basis points to 3.61% after lukewarm demand at an auction. Yields on the 10-year rose less than 1 basis point to about 4.04%, while the greenback fell for the first time this week as investors pushed the tech-heavy Nasdaq 100 higher. Most Read from Bloomberg Treasuries — particularly longer-dated bonds — have benefited over the past ...