Shares of U.S. grocers, packaged food companies and supermarkets were lagging in the first three weeks of 2023, in a sharp contrast to last year, as their high valuations and unattractive dividend appeal pushed investors to U.S. Treasuries.
In a reversal of the trend, consumer staples sector has shed 3.4% in 2023, the most among the major S&P sectors, while the S&P 500 has climbed 1.5% on easing bets of a severe economic downturn. “You couple this with the fact that there are other yield alternatives now relative to the yield-rich sector of staples.”
The U.S. 10-year Treasury yield stands at 3.4%, while the consumer staples sector is offering a dividend yield of 2.7%, according to Refinitiv data.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Strong Demand Will Keep Canada's Luxury Market 'Healthy' in 2023Canada's luxury real estate market is experiencing a lull as people await the end of the rate hike cycle, but buyer demand remains strong. Canada_SIR | realestate realestatenews luxury realestatemarket luxuryrealestate Canada
Läs mer »