--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/43483957.md" description: "The 30-year U.S. Treasury yield touched 5.34% intraday on 8/18, a high since 2007, while the 10-year rose to 4.75%. As discount rates ticked up, assets with longer durations were repriced first; leveraged instruments on both sides clearly positioned for this shift.$SKHY 2X Short ETF(SKDD.US) surged 18.35%, and $SPCX 2X Short ETF(SNK.US) gained over 4%; meanwhile, $NVDA 2X Long ETF(NVDL.US) dropped nearly 5%, while ETF/US/GGLL remained flat.With shorts rallying and longs selling off together, the magnitude of the divergence is the key signal. The fact that reverse tools in the AI storage segment posted +18% indicates that the storage chain faced significantly more pressure than broad AI compute on the day; the lack of movement in the ETF/US/GGLL bucket suggests that AI platforms with realized cash flows are not part of this round of repricing.Note that none of the four reached their 20-day average volume: $SKHY 2X Short ETF(SKDD.US) traded at only 70% of its average, and $GOOGL 2X Long ETF(GGLL.US) at just 50%. Leveraged moves without volume support are typically passive follow-the-herd behavior rather than active capital bets; daily rebalancing drag will likely grind away these gains amid volatility." datetime: "2026-08-19T11:02:24.000Z" locales: - [en](https://longbridge.com/en/topics/43483957.md) - [zh-CN](https://longbridge.com/zh-CN/topics/43483957.md) - [zh-HK](https://longbridge.com/zh-HK/topics/43483957.md) author: "[Ambition&Intelligence](https://longbridge.com/en/profiles/28923325.md)" generator: "portal-rs" --- # The 30-year U.S. Treasury yield touched 5.34% intr… ### Related Stocks - [SKDD.US](https://longbridge.com/en/quote/SKDD.US.md) - [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**