PAVE is trading at $53.00, down -3.01%, as higher Treasury yields and crude above $100 a barrel pressured equities ahead of the Federal Reserve minutes. - Renewed Strait of Hormuz supply concerns added inflation and risk-aversion worries; broad U.S. indexes also traded lower. - Higher borrowing costs and market-wide weakness align with pressure on PAVE’s industrials-heavy mix; no distinct holding-specific catalyst was established.