🔴 Semiconductor ETF (SMH) is trading 1.6% down as 30-year Treasury yield reached 5.70%

SMH is trading at $621.56, down 1.60%, as higher Treasury yields and rebounding oil pressure equities ahead of the Fed’s September-meeting minutes.

• The 30-year Treasury yield reached 5.70%.
• In premarket trading, Micron and Marvell fell 2.2% and 1.2%, respectively.
• Major U.S. indices were also lower amid broad risk-off trading.