LITX is trading at $30.57, down 3.84%, as stronger U.S. September PMI data revived expectations for additional Federal Reserve tightening.
- A Treasury selloff pushed the 10-year yield above 5.11%, its highest level since 2007, pressuring rate-sensitive and high-beta assets.
- Elevated crude prices are adding to inflation concerns; broader U.S. equity markets and the Nasdaq are also trading lower.