Yandex stock value has remained on a downtrend in the first couple of weeks of 2022 as shares have shed more than 15% of their value since the start of January amid tighter macroeconomic conditions.
A spike in interest rates in the US amid elevated inflation readings and hawkish remarks from Federal Reserve officials has contributed to depress tech stock valuations.
As of 19 January, the yield of US 10-year Treasury Notes stood at 1.83% – the highest reading since the pandemic started –…
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