VGT - BlackRock likes the technology sector as an investment

Since mid-February, the spike in government bonds has put a lot of pressure on technology-related stocks. BlackRock, however, has a constructive view of the space with strategic horizons.A report put out by BlackRock states: “The recent bond yield spike has been blamed for pressuring tech stocks as they are seen as vulnerable to rising rates. We believe this view is to simplistic: tech is a diverse sector and the driver of higher yields matters more than the rise itself.”Furthermore, the report continued to mention: “Our new nominal theme implies central banks will be slower to raise rates to curb inflation in the past, supporting our pro-risk stance and preference for tech.”The U.S. 10-Year Treasury yield is currently at 1.72%, up one basis point and a few key tech-related ETFs are positive in the pre-market.For investors that have aligned views with BlackRock, see a few ETFs worth mentioning: Technology Select Sector

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BlackRock likes the technology sector as an investment