Macro pressure
calm
elevated
Tuesday tape
Pressure into the long end
100
drag to see who gives back the most
Rising yields reprice the most-extended AI-memory names
Macro pressure
U.S.-Iran tensions · oil ↑
5.33%
30-yr yield
highest since 2007
Discount rate ↑
long-duration PV ↓
discount-rate
pressure
-7.5%
SNDK
SanDisk
5d run +30%
-6.0%
MU
Micron
5d run +9.5%
-3.4%
AVGO
Broadcom
62x P/E
-2.4%
NVDA
Nvidia
lower beta
supply-side pillars intact
China-memory containment · record pricing · HBM tight
de-risking · profit-taking
no memory catalyst · no downgrade
fundamental break?
not taken — floor holds