Yields Pressure Extends

The most likely near-term path is a continuation of the rate-driven selloff, with investors trimming long-duration technology exposure after core inflation lifted Fed hike odds. A 10-year Treasury yield above 5.3% keeps valuation pressure on software, semiconductors and megacap growth shares.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.