Yield Pullback Fuels Tech Rally
A recent pullback in the benchmark 10-year bond yield has renewed interest in richly valued technology stocks.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"The 10-year Treasury yield dipped to 4.39% from 4.43% the prior session, a small but meaningful move that eases pressure on equity valuations."
"At the same time, the 10-year Treasury yield slipped to 4.31%, down from recent highs near 4.44%. Lower yields make stocks more attractive compared to bonds, especially in the tech sector."
"At the same time, the 10-year Treasury yield slipped to 4.31%, down from recent highs near 4.44%. Lower yields make stocks more attractive compared to bonds, especially in the tech sector."
"But perhaps the strongest driver of technology stocks' returns is the sharp decline in bond yields and expectations that the Fed will cut benchmark rates."
"The lower the bond yield, the more stocks are generally worth, all else being equal."
""The 10-year Treasury's gone down quite a bit and those longer duration big tech names are benefitting from it.""
"Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc added between 0.1% and 0.3% in premarket trading, helped by subdued Treasury yields."
"Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc added between 0.1% and 0.3% in premarket trading, helped by subdued Treasury yields."
""A recent pullback in the benchmark 10-year bond yield from 14-month highs has renewed interest in richly valued technology stocks.""
""A recent pullback in the benchmark 10-year bond yield from 14-month highs has renewed interest in richly valued technology stocks.""