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Light Calendar Leaves Tech Concerns in Focus
Last week's most notable development was a flight to safety in the bond market precipitated by concerns about a shift in tech sector sentiment. The shift in question was mainly driven by Coreweave which saw shares plummet and corporate debt spreads explode. That cause some concern about spillover to the rest of the tech sector. Treasuries benefited not only only from general safe haven demand, but also because the tech jitters implied a slower pace of AI capex and corporate debt issuance (both of which had previously created upward pressure on bond yields). The NASDAQ is starting the new week
Latest closeNasdaq Comp. 27,193.34 ▼1.2%
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Mortgage News DailyLight Calendar Leaves Tech Concerns in Focus