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Ten-year Treasury yield charges towards 3%

Published 04/19/2018, 11:27 AM
© Reuters.  Ten-year Treasury yield charges towards 3%
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  • Rising long-term interest rates took a breather for the past few weeks thanks to some stumbles in equity markets.
  • The business of buying low and selling high (in stocks) seems to have resumed though, and yields are back on the march. Down as low as 2.7% a couple of weeks ago, the 10-year Treasury yield today is up another five basis points today to 2.92%. TLT -1.05%, TBT +1.1%
  • The move in rates is hitting income favorites like REITs (IYR -1.5%), (VNQ -1.5%), and utilities (XLU -0.4%). Also sensitive to rates, homebuilders are off big today and more than 14% YTD.
  • Now read: Valuation Dashboard: Utilities - Update


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