Bond bulls just sent a friend request to Facebook Inc.
The turmoil around the social media company -- and technology stocks in general -- has forced 10-year Treasury yields out of a 20-basis-point range that’s held since early February. The benchmark dropped as much as three basis points Wednesday to 2.74 percent, the lowest level since Feb. 6, following an eight basis-point drop Tuesday. The yield has broken below the key 50-day moving average for the first time since mid-December.
