Fastly is trading 9.63% lower at $26.80 after a broad risk-off move driven by stronger-than-expected U.S. business activity and sharply higher Treasury yields.
- September 23’s rally followed Fastly’s investor-day outlook, which included a 2029 target.
- The 10-year Treasury yield reached its highest level since 2007 as PMI accelerated; major indexes were also lower, reinforcing a global macro explanation.