Afterpay (ASX:APT) share price hits 3-month low: Time to buy?

The Afterpay Ltd (ASX: APT) share price has continued its poor run and dropped lower again on Thursday.

In fact, at one stage today the payments company’s shares were down as much as 4% to a three-month low of $103.20.

When the Afterpay share price hit that level, it was down more than 35% from its record high of $160.50.

Why is the Afterpay share price at a three-month low?

Investors have been selling Afterpay and other tech shares in 2021 due to concerns over rising bond yields.

Last week the yields on U.S. Treasuries surged to their highest level in more than a year after investors began betting that economic growth and inflation will…