10-Year Treasury Yield Rises to 4.30%, Splitting Growth and Value Stocks
The 10-year Treasury yield climbed from 3.97% to 4.30%, applying valuation pressure on high-multiple growth equities while lifting bank stocks. Okta has shed 65.3% over five years as rate-driven multiple compression continues. JPMorgan Chase returned 129.1% over three years, directly benefiting from expanded net interest margins.
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