SharonAI Holdings Inc. (NASDAQ:SHAZ) stock declined Thursday, impacted by a broader technology sector sell-off following rising Treasury bond yields.
Macro Headwinds Trigger Tech Sell-Off
The 10-year Treasury note yield rose to 4.7%, staying near its 20-month high, while the 30-year bond yield climbed to 5.25%, according to Trading Economics.
Long-maturity Treasury yields bounced back on Thursday, unwinding earlier declines that followed the U.S. Treasury Department’s announcement of expanded debt buybacks. The Treasury plans to double its long-maturity buybacks at least to $4 billion next quarter.
Deployment Milestone Achieved
