🔴 Blackstone Group is trading 4.08% down today as hotter-than-expected CPI lifts Treasury yields

Blackstone Group is trading at $105.49, down 4.08%, as hotter-than-expected September CPI lifted Treasury yields and weighed on equities.

• Blackstone’s alternative-asset peers also faced pressure.
• Reporting cited Blackstone-backed AirTrunk’s delayed Singapore IPO and analyst price-target cuts ahead of Blackstone’s October 22 earnings call as possible company-specific overhangs.
• The announced ZO Skin Health sale is a separate transaction; there is no evidence it triggered the decline.