Tech, Growth Stocks Under Pressure As Treasury Yields Rise

Tech, Growth Stocks Under Pressure As Treasury Yields Rise

After some relative calm on the interest rate front, another jump in the 10-year Treasury yield seems to be pressuring stocks this morning, a day after major indices closed at record highs.

With optimism on the vaccine and a newly inked stimulus package, investors appear to be selling safe-haven Treasuries on optimism about the economic recovery. At the same time, there seem to be concerns that stimulus measures and widespread vaccinations that enable further economic reopening could end up causing a problematic rise in inflation,…

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