🔴 AMD 2x Daily ETF (AMDC) is trading 7.5% down today as bond yields pressured semiconductors

AMDC is trading 7.5% down today as a global bond selloff pressured semiconductor stocks.

• Japan’s 10-year yield reached 3%, while the U.S. 10-year yield climbed to 4.8%.
• AMD was reported down about 2% at the open as semiconductors declined broadly.
• AMDC is designed to deliver approximately twice AMD’s daily performance, implying amplified losses for AMDC.