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• MoneyBond yields are high. Tech stocks are still breaking records. That is not as contradictory as it looks.Higher long-term interest rates usually make distant future profits less valuable. Yet AI-linked technology shares have kept climbing. The reason is that markets price several forces at once: rates, earnings, growth expectations and risk.
• MoneyA bond yield just hit a 24-year high. Why should anyone outside Wall Street care?The U.S. 10-year Treasury yield briefly touched 5.34%, its highest level since 2002. That number lives in the bond market, but its effects reach mortgages, business loans, government budgets and the price investors put on almost everything else.