The U.S. 30-year Treasury yield hit a 19-year high on Tuesday, sending a shiver through equity markets and lifting borrowing costs for everyone from homebuyers to corporations.
The sell-off is broad: momentum stocks are down 10% from their June high, while chip stocks like Teradyne and Marvell fell nearly 9% and 8% respectively.
Investors are bracing for more volatility as the Federal Reserve's latest minutes are set to drop at 2 p.m. ET...
