Rising bond yields drag real estate, utility stocks as this ETF sees ‘decisive breakdown’

📆 6/9/2023 17:58:00
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Rising bond yields are rattling markets, luring investors with attractive rates while exerting pressure on pockets of equities such as the real estate and...

Rising bond yields are rattling markets, luring investors with attractive rates while exerting pressure on pockets of equities such as the real estate and utilities sectors.

“Elevated Treasury yields have dragged on relative performance for REITs and utilities,” said Katie Stockton, founder of technical research firm Fairlead Strategies, in a note Wednesday.

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