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💫 Ⓨⓞⓤⓡ ⓓⓡⓔⓐⓜ 💫 Telegram | DID YOU KNOW?
Date: | 💫 Ⓨⓞⓤⓡ ⓓⓡⓔⓐⓜ 💫
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 ugly—and 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 it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future. Pavel Durov, Telegram's CEO, is known as "the Russian Mark Zuckerberg," for co-founding VKontakte, which is Russian for "in touch," a Facebook imitator that became the country's most popular social networking site. There was another possible development: Reuters also reported that Ukraine said that Belarus could soon join the invasion of Ukraine. However, the AFP, citing a Pentagon official, said the U.S. hasn’t yet seen evidence that Belarusian troops are in Ukraine. READ MORE Artem Kliuchnikov and his family fled Ukraine just days before the Russian invasion.
💫 Ⓨⓞⓤⓡ ⓓⓡⓔⓐⓜ 💫 from NL