🔴 Small-Cap ETF (TNA) is trading 2.3% down in pre-market as high Treasury yields pressure small caps

TNA is trading at $56.10, down 2.32%, as rising Treasury yields and oil prices pressure rate-sensitive small-cap shares.

• Thursday reporting says the 10-year yield rose 6 basis points to 5.24%, while the Russell 2000 tests support near its 200-day average.
• Renewed Iranian attacks on vessels in the Strait of Hormuz lifted Brent above $101 on Wednesday, reviving inflation concerns and weighing on risk sentiment.
• U.S. futures are lower, adding pressure to rate-sensitive small-cap shares.