🔴 FTXL is trading 2% down today as 30-year Treasury yields hit 2007 highs ahead of FOMC minutes

FTXL is trading 2% down today as elevated Treasury yields continue to pressure long-duration technology and AI assets ahead of the Federal Reserve’s FOMC minutes.

• The 30-year Treasury yield reached approximately 5.33%, its highest level since 2007, making future growth profits less attractive for high-valuation tech stocks.
• Semiconductors are intensifying the sector decline, with the Philadelphia Semiconductor Index falling about 5%, Intel dropping 6.6%, and Nvidia declining 2.3%.
• Investors are reassessing crowded AI valuations and infrastructure spending as rising borrowing costs impact growth-oriented assets.