Circle Internet Group shares fell sharply on Tuesday as rising Treasury yields fueled a broader market downturn, according to Benzinga. Growth stocks, including Circle, sold off as the 10-year U.S. Treasury yield rose, heightening concerns over inflation and prolonged Federal Reserve hawkishness. Rising Treasury yields increase discount rates, reducing the present value of growth stocks’ future earnings and pressuring their valuations. A higher discount rate lowers the value of expected profits, making the stock less appealing and driving its price down. Rising Treasury yields raise borrowing costs for debt-reliant growth companies, squeezing margins, limiting investments, and slowing future growth. Shares fell 8.89% on Tuesday.
