Treasury yields hit multi-year highs, tech stocks retreat before Nvidia results

MSN
2026.05.20 03:43
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U.S. Treasury yields have reached multi-year highs, with the 30-year yield at its peak and the 10-year surpassing 4.67%. This rise, driven by persistent inflation and changing rate expectations, has negatively impacted high-growth tech and semiconductor stocks, particularly AI-focused ETFs. Investors are closely watching Nvidia's upcoming earnings to determine if strong AI demand can mitigate the effects of increased borrowing costs.