Big Tech’s cash kings will resist rate-hike storm - liamwardproud -
The yield on the benchmark 10-year U.S. Treasury bond was 1.61% on Oct. 11, up more than 30 basis points from Sept. 22.
The increase followed a Federal Reserve policy statement in which the central bank said it could reduce the volume on its monthly bond purchases as soon as November. The Fed is forecasting inflation of 4.2% in 2021, and nine out of 18 officials expected interest rates to rise in 2022.A 3D printed Google logo is placed on the Apple Macbook in this illustration taken April 12, 2020.
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