TAN is trading at $42.53, down -3.27%, as Treasury yields jumped after the final Q2 GDP estimate was revised higher.

  • The estimate rose to 2.2% from 1.5%; the 10-year yield reached 5.306% intraday, its highest since May 2002, reviving concern that rates may stay elevated.
  • Higher borrowing costs pressure financing-intensive solar projects and sector valuations; Sunrun fell 6.8%.
  • Broad-market moves were comparatively modest, suggesting solar-sector rate sensitivity was the more specific driver.