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Rates Are Up & REITs Are down…

US Treasury yields have surged to the highest levels since late July, with the 10-year yield jumping to 1.945%.

The higher rates in the US bonds have seen domestic REITs move lower by an average of 5%, despite a generally better-than-expected earnings season.

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An opportunity will soon approach within a number of the yield sensitive names and investors should be watching out for oversold levels to present within REITs, infrastructure, utilities and gold names.

An example of a name we’re watching for a buying point is Dexus Group. We’ll update you on the blog as we see the buying point playout.

 

 

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