🔴 Space Innovators ETF (JEDI.L) is trading 3.4% down as yields and oil pressure space stocks

JEDI.L is trading at $78.10 (-3.40%) as higher Treasury yields and rebounding oil weigh on growth-oriented space stocks.

• The 10-year yield touched 5.365%, its highest since April 2002.
• The Fed’s September minutes indicated another rate increase would likely be appropriate before year-end.
• Space shares weakened broadly, including SpaceX and Rocket Lab, reinforcing sector pressure.