🔴 Large Blend ETF (SPMO) is trading 1.5% down today as elevated Treasury yields pressure its tech-heavy portfolio

SPMO is trading 1.5% down today as elevated long-term Treasury yields pressure its 52.5% information technology allocation.

• Higher yields reduce future growth-earnings values, especially pressuring technology and semiconductor shares ahead of the Federal Reserve’s August 19, 2026 FOMC minutes.
• The move extends the August 18 technology-led selloff, when Middle East tensions lifted oil prices and bond yields and semiconductor stocks fell sharply.
• Treasury buyback plans eased yields on August 19, 2026, but stretched AI valuations and lingering rate concerns still weigh on technology shares.