2-Year Treasury Yield Hits 16-Month High, Triggering Coordinated FANG+ Selloff in Meta, Microsoft, NVIDIA
The US 2-Year Treasury yield spiked to a 16-month high on June 5, driving a simultaneous selloff across Meta, Microsoft, Alphabet, NVIDIA, and Broadcom. Rising short rates are compressing terminal value assumptions for AI platform stocks carrying high forward multiples. A further 25-50 basis point move in 2-Year yields could accelerate rotation out of AI names into value and income sectors.
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