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Financials winners, utilities and real estate losers as rates shoot higher

Published 10/27/2016, 10:51 AM
Financials winners, utilities and real estate losers as rates shoot higher
  • Rates are up across the globe again today, with the 10-year U.S. Treasury yield looking like it's ready for another assault on 2% - up 7 basis points on the session to 1.865%.
  • Alongside a sharp move lower in REITs, the utility sector (XLU -0.9%) is facing a rough go of it.
  • In the green though is the banking sector - (KBE +0.2%), (KRE +0.4%) - which has been awaiting a real move higher in rates for years. A big move on the long end while short rates hold (for now) is an added boost as it widens the yield curve.
  • Bank of America (NYSE:BAC +0.4%), Citigroup (NYSE:C +0.4%), JPMorgan (NYSE:JPM +0.4%), Wells Fargo (NYSE:WFC +0.5%), PNC Financial (NYSE:PNC +0.5%), Fifth Third (FITB +0.9%), U.S. Bancorp (USB +1.2%), BB& T(BBT +0.7%)
  • Other high-yield beneficiaries include: MetLife (NYSE:MET +0.9%), Lincoln Financial (LNC +1.3%), Schwab (SCHW +0.4%), Voya Financial (VOYA +0.9%).
  • ETFs: XLF, FAS, FAZ, XLU, UTG, IDU, VPU, UYG, VFH, GUT, BUI, IYF, BTO, FUTY, IYG, FNCL, SEF, RYU, FXO, UPW, RYF, FXU, FINU, RWW, SDP, XLFS, FINZ, FUGAX, JHMF, FAZZ, FNCF, JHMU, UTLF

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