--- title: "Dow Jones Today: DJIA Stumbles as Bond Selloff Pressures Tech Stocks" type: "News" locale: "en" url: "https://longbridge.com/en/news/286946871.md" description: "The Dow Jones (DJIA) fell 0.44% as a bond selloff pressures tech stocks, with the 30-year Treasury yield rising to 5.18%, its highest since April 2007. Higher yields may prompt investors to shift from equities to fixed-income assets, impacting growth stocks. Citigroup and Barclays suggest 5.5% is the new benchmark for yields, while a Bank of America survey indicates 66% of fund managers expect yields to exceed 6% within a year. The Fed is likely to raise rates by 25 bps by year-end, amid ongoing geopolitical tensions." datetime: "2026-05-19T16:37:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286946871.md) - [en](https://longbridge.com/en/news/286946871.md) - [zh-HK](https://longbridge.com/zh-HK/news/286946871.md) --- # Dow Jones Today: DJIA Stumbles as Bond Selloff Pressures Tech Stocks The Dow Jones (DJIA) is trading lower on Tuesday as a rout in bonds weighs on tech stocks. ### Claim 55% Off TipRanks Trade QQQ with leverage The 30-year Treasury yield is up by 3.6 bps to 5.18% and is at its highest level since April 2007. That places pressure on stocks, as higher yields may encourage investors to rotate capital out of equities and into fixed-income assets. Furthermore, higher yields reduce the present value of future earnings, which in turn lowers valuations. Growth stocks are especially rate-sensitive, since much of their value is tied to cash flows expected in the future. Both Citigroup and Barclays believe that 5.5% is the new test for the 30-year yield, up from 5%. "Investors' calculus in terms of buying the dip on Treasuries has changed," said Citigroup macro rates strategist Jim McCormick. Furthermore, a survey from Bank of America showed that 66% of fund managers expect the yield to top 6% over the next year, a level not seen since June 2020. Long-term yields have surged since the start of the U.S.-Iran war on February 28, with rising oil and gas prices adding fuel to the flame. A resilient economy is also contributing to the rally, delaying the timeline for rate cuts. By year-end, the most likely outcome with 41.5% odds is for the Fed to raise rates by 25 bps, according to the CME FedWatch tool. The second most likely outcome at 41.1% is for the Fed to hold rates steady. On the U.S.-Iran war front, President Trump called off a planned attack against Iran on Monday evening. The strikes were scheduled for Tuesday, with Trump adding that he would provide Iran with "maybe another two-three days" or until "the beginning of next week" to agree to a deal. 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