PBW Falls Amid Rising Treasury Yields and Market Volatility
The Invesco WilderHill Clean Energy ETF (PBW) dropped nearly 11% following a strong May jobs report that pushed two-year Treasury yields to a 16-month high. The rise in rates negatively impacted long-duration equities, with Enphase Energy and First Solar among the hardest-hit components.
Topics: clean energy ETFs PBW rate cycles stock market volatility Treasury yields