The Dow Jones Industrial Average climbed 360.21 points, closing at 52856.09, while the S&P 500 added 44.60 points to reach 7757.17. The tech-heavy Nasdaq Composite outperformed its peers, gaining 278.04 points to finish at 26702.86. This renewed appetite for risk assets weighed on government debt, pushing Treasury yields higher as investors rotated out of safe-haven positions.
The yield on the 10-year Treasury note moved up 0.029 percentage point to 5.145%, while the 30-year bond yield increased by 0.012 percentage point to 5.437%. Meanwhile, the two-year Treasury, which is particularly sensitive to central bank policy, rose 0.038 percentage point to 4.823%. The U.S. dollar found additional support against international rivals, bolstered by rising French bond yields that stoked anxieties regarding fiscal stability within the European Union.
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