🔴 IBM ETF (IBM.TO) is trading 3% down as Treasury yields and Fed expectations pressure tech

IBM.TO is trading at CA$35.51, down 3.00% on September 16, 2026, as higher Treasury yields and hawkish Fed expectations pressure technology shares.

• The U.S. 10-year Treasury yield recently reached roughly 5%, its highest level since 2007; oil above $100 intensified inflation concerns and rate-hike expectations.
• Stronger-than-expected U.S. retail sales reinforce tighter Federal Reserve policy expectations and discount-rate pressure on technology and growth-oriented exposures.
• The broader market is mixed; the decline appears concentrated in rate-sensitive technology rather than a broad equity selloff.