As yields jump to their highest levels in more than 16 years, investors may want to seek out stocks that receive a tailwind from climbing interest rates. The yield on the 2-year Treasury jumped to above 5.07% on Thursday, a level it hasn't seen since June 2007 . The catalyst was a much stronger ADP jobs report than expected, which raised fears Friday's official jobs report will come in hotter and give the Federal Reserve reason to restart its rate-hiking campaign.
sought to find stocks that go higher during periods of rising short-term rates. Specifically, we looked at the prior 5 months with the biggest jump in rates the last five years and which shares performed the best during those months. We then scrubbed the screen for stocks where analysts like the outlook today and anticipate a gain over the next 12 months.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »