🔴 PSI is trading 2.16% down today as 10-year yields reach their highest since 2007

PSI is trading at $144.54, down 2.16%, as surging Treasury yields pressure semiconductor stocks.

• PSI is pulling back after a strong six-session advance, with semiconductor stocks weakening broadly.
• Strong U.S. economic data pushed the 10-year yield to 5.12%, its highest level since 2007, pressuring high-valuation technology and chip stocks. The Nasdaq is down 0.70%. No company-specific PSI announcement was identified.