Global bond market sell-off hits risk assets, US bond yields break through 4.5%, tech stocks lead US stocks lower.

According to the Securities Times app, the global bond market experienced a fierce sell-off this week, which also started to impact the risk assets market that had been performing strongly. On Friday, the three major US stock indices fell significantly, with technology stocks being hit particularly hard. The S&P 500 index dropped by more than 1.2%, while the US 10-year Treasury yield broke through 4.5%, causing concerns in the market about the duration of the high-interest rate environment.