<div id="readability-page-1">Fed outlook flips: Markets now see a 56% chance of a Fed rate hike by December, reversing earlier expectations for cuts. Yields hit milestones: The 2-year yield climbed to 4.079% and the 10-year to 4.601%, both at their highest in nearly a year. Tech stocks retreat: AI infrastructure stocks led declines as higher yields pressured growth valuations and sparked profit-taking.</div>

IUSG

<p>Treasury yields reached yearly highs, with the 2-year yield at 4.079% and the 10-year at 4.601%. Markets now anticipate a 56% chance of a Fed rate hike by December, shifting from previous expectations for cuts. This rise in yields has led to a retreat in tech stocks, particularly in AI infrastructure, as higher yields pressure growth valuations.</p>

- Markets now predict a 56% chance of a Fed rate hike by December, contrasting previous expectations for interest rate cuts.  
- The 2-year yield rose to 4.079% and the 10-year yield reached 4.601%, marking their highest levels in nearly a year.  
- AI infrastructure stocks experienced declines due to higher yields impacting growth valuations and triggering profit-taking.

VG Growth

iShares Core S&P US Growth

VG Mga Cap 300 Grw

SPDR S&P Software

Invesco Nasdaq 100 ETF

VG S-Cp Grw

First Trust NASDAQ-100 Equal Weighted

Schw Us L-Cp Grw

iShares Expanded Tech Software Sector ETF

Proshares UltraPro Short QQQ ETF

Invesco QQQ Trust

ProShares Ultra QQQ

ISHRS Russ 1000 Growth

Proshares UltraPro QQQ

Treasury yields hit yearly highs as Fed hike bets grow