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"Like the bombing of the maternity ward in Mariupol," he said, "Even before it hits the news, you see the videos on the Telegram channels." That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were uglyβand out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that itβs on a sustainable path higher. Higher long-dated bond yields make future profits less valuableβand many tech companies are valued on the basis of profits forecast for many years in the future. False news often spreads via public groups, or chats, with potentially fatal effects. "He has kind of an old-school cyber-libertarian world view where technology is there to set you free," MarΓ©chal said. Founder Pavel Durov says tech is meant to set you free
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