WS #15155
The 30-year Treasury yield has climbed to 5.62%, marking the highest monthly close in over 24 years and exerting severe pressure on high-duration assets. REITs and utilities are leading the decline as borrowing costs rise and dividend yields become less attractive relative to risk-free rates. This environment forces a re-rating of growth and income stocks, with capital rotating toward value and short-duration instruments.
Treasury Yields and REIT Selloff
The 30-year Treasury yield has climbed to 5.62%, marking the highest monthly close in over 24 years and exerting severe pressure on high-duration assets. REITs and utilities are leading the decline as borrowing costs rise and dividend yields become less attractive relative to risk-free rates. This environment forces a re-rating of growth and income stocks, with capital rotating toward value and short-duration instruments.