10-Year Treasury Yield Jumps to 4.32%, Squeezing High-PEG Tech Valuations
The 10-year Treasury yield rose from 3.97% to 4.32% this week, triggering valuation compression in high-PEG growth stocks. Lightspeed Commerce fell 5.58% and Autodesk dropped 3.45% on May 12 even as broader markets gained. Financial institutions face rising corporate borrowing costs and a harder case for holding long-duration equity exposure.
Salvado•