[FLASH] Memory and storage give back two sessions as the 30-year yield hits its highest since 2007
Micron fell 7.02% on 08-18 and a further 0.39% on 08-19 to $937.11, about 7.4% below its 08-17 close of $1,011.75; SanDisk fell 9.01% then 3.50%, Western Digital 7.43% then 6.87%, and Seagate 7.87% on 08-19. The stated cause is macro, not sectoral: the 30-year Treasury yield touched roughly 5.33% on 08-18, its highest level since 2007, and coverage of the session recorded no memory-specific bad news, framing the move as profit-taking on names up 255% and 653% year to date. What to watch is whether memory contract pricing softens at all, since the scarcity data still points the other way.