FYI: If exchange-traded fund flows are any guide, there’s evidence stock investors may be becoming less concerned about the yield on 10-year Treasury bonds surging past 3 percent.
Investors poured $193 million, the most since September 2016, into the Real Estate Select Sector SPDR Fund, ticker XLRE, last week. And State Street Corp.’s Consumer Staples Select Sector SPDR Fund, ticker XLP, had its third week of inflows this year with $361 million diving into the fund, the most since December.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-02-26/real-estate-consumer-etfs-see-resurgence-as-rate-fears-retrench
