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Shares of tech and software companies, including Paypal Holdings Inc (NASDAQ:PYPL), are trading higher as the sector rebounds following recent weakness, which has been driven by a rise in yields. The U.S. 10 Year Treasury yield has risen sharply over the trailing five sessions, jumping from the 1.49% level on December 31 to 1.73% during today’s session.
...read full article on Benzinga
