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Liz Thomas reports that U.S. Treasury yields have surged, with the 2-year yield at 4.10% and the 10-year yield at 4.65%, marking their highest levels since March 2025.
Both benchmark yields have climbed amid rising expectations for a rate hike, as fed fund futures now price in a 70% chance of an increase by December.
Thomas has recently noted a pivotal day for tech earnings, with just four out of 28 industry groups beating the S&P 500 this month in an earlier report. She also observed that the Info Tech sector remains above its moving averages and is in overbought territory according to her previous analysis. These developments provide context to the current moves in Treasury yields.