10-Year Treasury Yields Jump to 4.42%, Pressuring AI Stock Valuations
The 10-year Treasury yield climbed from 3.96% to 4.42%, creating a higher discount rate environment that disproportionately impacts unprofitable AI companies. Market analysts note the cost of capital now serves as the primary constraint on equity valuations, with the S&P 500 approaching correction territory as of March 29, 2026.
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