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How Rising US Bond Yields Affected the Market

Scarlett Ness
How Rising US Bond Yields Affected the Market

What's Next for Tech Stocks after Wednesday’s Sell-Off? The Federal Reserve raised the interest rates for the third time this year on September 26 by 25 basis points to 2%–2.25%. The ten-year US (SPY) Treasury rate touched a seven-year high of 3.227% on October 5, gaining 17.1 basis points, or 0.171%, over the last week, the sharpest gain since February.