SNDQ is trading 5.4% down as Nasdaq futures and major U.S. indexes rebound, reducing demand for its inverse technology-equity exposure.

  • Profit-taking follows SNDQ’s sharp gains on September 23 and September 24.
  • The 10-year Treasury yield recently reached 5.142%, its highest level since July 2007.
  • Stronger business activity reinforced expectations for elevated Federal Reserve rates.