Global Bond Sell Off Pressures Stocks: AlphaCheck The global bond sell off has resurfaced as a major concern for investors, with 10 year Treasury yields rising above 3% and oil prices surging.
This unexpected turn of events is sending shockwaves through the stock market, particularly in tech heavy indices. The Nasdaq Composite took the brunt of the punishment, dropping 1% in the opening minutes of trading.
Tech stocks, which had been one of the few bright spots in an otherwise gloomy landscape, are now feeling the pinch as concerns about borrowing costs and inflation resurface.