🔴 Software ETF (IGV) is trading 1.72% down in pre-market as global bond yields pressure software valuations

IGV is trading at $108.09 (-1.72%) as rising global bond yields pressure long-duration software and technology valuations.

• Japan’s 10-year yield reached 3%, its highest since 1996; U.S. Treasury yields also remain elevated.
• Hawkish Federal Reserve Chair Kevin Warsh guidance lifted September rate-hike expectations to roughly 60%, weighing on growth stocks.
• Nasdaq futures fell about 1%, confirming a broader risk-off move rather than software-specific weakness.