Government bonds in Japan, Australia and New Zealand retreated, following declines in Treasuries during the New York session. Weak demand at a $70 billion sale of US five-year notes pushed the yield above 5% for the first time since 2007. The 10-year yield surged 15 basis points to 5.11%, the biggest one-day increase since the market turmoil triggered by President Donald Trump’s April 2025 tariff announcement.
Michael Burry calls Nvidia ‘heck of a trade’ after Huang’s scandal sparks $430 bn selloff. Why is Big Short fame dismissing fears?
Michael Burry sees a near-term trading opportunity in Nvidia despite his broader concerns about AI valuations. The Big Short investor believes Jensen Huang’s personal controversy
November 11, 2026