Why Bond Yields Don't Matter Amid Nasdaq's Record High
Baystreet·
- The Nasdaq closed at a record high driven by strong buying momentum in major tech stocks, while Treasury bond yields simultaneously reached multi-decade highs.
- Debt investors avoided long-term U.S. debt maturing past six months, causing significant pressure on popular bond ETFs like IEF and TLT.
- SpaceX stock experienced a 17.61 % breakout amid insider restraint, while telecom stocks showed mixed performance due to rising competition between wired and satellite services.
