UBS: Short-term yields signal market jitters | 08 Jun 2026

**US Treasury securities at 2-year constant maturity and CIO forecast** After reaching new all-time highs, the S&P 500 saw a sharp pullback as stronger-than-expected US jobs data reignited concerns about potential Fed rate hikes. Technology stocks led the decline, with renewed doubts about AI valuations following news that Meta may seek significant new funding for its AI initiatives and disappointing AI revenue…