- A sizable whoosh down in longer-term interest rates over the past month had given some hope that perhaps the rate hike cycle was nearing an end, but the 10-year yield - as low as 2.16% at one point last week - has returned to north of 2.30% this morning.
- Responsible for today's move is relief over the outcome of Sunday's French election, and European stocks are ahead 2%; the U.S. is up 1%.
- The only sector in the red is the REITs (IYR -1.5%), (VNQ -1.8%). Another income favorite, the utility sector (NYSEARCA:XLU) is flat.
- Realty Income (O -2.7%), Omega Healthcare (OHI -2.5%), HCP (HCP -3.3%), Vereit (VER -2.8%), Essex Property (ESS -1.9%), Simon Property (SPG -2.4%), Kimco (KIM -2.5%), Public Storage (PSA -2.3%), Government Properties (GOV -2.1%), Stag Industrial (STAG -2%)
- ETFs: VNQ, IYR, DRN, RQI, URE, SCHH, ICF, RWR, SRS, RNP, RFI, JRS, KBWY, NRO, DRV, RIT, RIF
- Now read: You're Comparing Apples To Oranges
Original article