Shares of Quantum Computing Inc (NASDAQ:QUBT) are caught in a broader market selloff Tuesday as rising U.S. Treasury yields spook investors away from growth sectors. The benchmark 10-year Treasury note climbed to 4.293% Tuesday morning, pulling capital away from growth sectors.
What To Know: The sell-off in quantum stocks, which are inherently long-term growth plays, is a direct reaction to the spike in Treasury yields. Higher yields on government bonds, which are considered a risk-free investment, present a more attractive alternative to speculative growth stocks. This competition for capital pressures the valuations of companies like QUBT.
