Real Estate Stocks Decline Amid Rising Bond Yields
Real estate stocks fell as Treasury bond yields climbed during the week ending September 25, drawing investors toward technology sectors. The move reflects sector rotation and concerns over higher borrowing costs impacting real estate valuations. Market averages rose for the week amid broader economic developments including a summit between President Xi Jinping and Donald Trump. However, rising interest rates pressured real estate investment trusts (REITs) and related equities as investors shifted capital to tech stocks offering better growth prospects in an inflationary environment.
Tickers: $XLRE
Topics: market averages oil and gas markets presidential summit Treasury yields