Yield Up, Boon or Bane For Tech Stocks?
@nerdbull1669:
As we have seen treasury yield went up after new home sales and building permits data for September came in positive. Investors have been considering the state of the economy. Israel-Hamas war have been closely watched to see what is the impact on the global economy, particular the energy sector. Something we might want to take note is there is no significant run on Treasury since the war began — a common phenomenon during times of geopolitical crisis. But we do see the 10-year Treasury moving up steadily over the last 2 weeks and it has also hit more than 5% (its multiyear highs) within this week. On top of this investors are also considering what would be Fed’s decision on the interest rates when they meet for FOMC from 31 Oct to 01 Nov. There have been some suggestions from several Fed