🔴 Tech ETF (CHPS) is trading 3.44% down as 30-year Treasury yield reaches 5.70%

CHPS is trading at $91.03, down 3.44% at 9:58 a.m. ET, as a sharp rise in global bond yields weighed on growth-sensitive technology shares.

• The 30-year Treasury yield reached 5.70%, its highest since 2002; Nasdaq-100 futures fell 0.6% before the open after the index set a record the prior session.
• Investors awaited the Federal Reserve’s September meeting minutes for clues on further rate increases, while Brent crude remained above $100 amid Middle East tensions.