🔴 Small-Cap ETF (TNA) is trading 2.13% down in pre-market as Treasury yields pressure small caps

TNA is trading at $58.46, down 2.13%, in pre-market as elevated borrowing costs pressure small caps.

• Broad U.S. futures are lower; the reported 10-year Treasury yield is above 5.30%, a headwind for rate-sensitive small companies.
• Investors are cautious ahead of the 2:00 p.m. ET FOMC minutes, which may offer clues on the Fed’s policy path.
• This follows Tuesday’s reported Russell 2000 weakness despite gains in broader indexes.