🔴 2x Long Coherent ETF (COHH) is trading 3.09% down amid Japan’s 10-year yield reaching 3%

COHH is trading at $5.33 (-3.09%) as broad risk-off trading pressures technology and growth-oriented equities.

• Japan’s 10-year bond yield reached 3%, intensifying global debt and rate concerns.
• Renewed Middle East tensions pushed oil above $90, increasing inflation fears and Treasury-yield pressure.
• COHH’s 2x daily exposure to Coherent amplifies weakness in the underlying technology stock. The decline appears macro-driven rather than company-specific; Coherent recently reported strong AI-related results, including $2.05 billion in quarterly revenue.