Tech Bonds Signal Stability as Shares Swing – Wall Street Journal

Bonds from major technology companies have held up better than their stocks in recent weeks, a sign that investors are more concerned about the once-soaring valuations of tech giants than the companies’ long-term financial health.

The prices of bonds backed by firms such as Google parent Alphabet Inc. have fallen modestly recently as their stocks have tumbled. Yet bonds from other sectors have fallen more, dragged down in large part by rising benchmark interest rates.

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