Tech Rally Returns as Bond Yields Collapse 14 Basis Points
The 10-year Treasury yield plunged 14 basis points to 4.45% overnight—the steepest single-session drop in seven weeks—while the Nasdaq surged 2.12% and the S&P 500 gained 1.30%. This isn’t a garden-variety risk-on move. The VIX fell just 2.97% to 17.34, hardly screaming complacency, while WTI crude climbed 0.84% to $101.87 even as growth-sensitive equities ripped … Read more