FYI: Interest rates are finally on the rise again, and investors are reeling. In the past three weeks, the yield on a 10-year Treasury note has jumped from 2.99% to 3.23%, the highest level since 2011. A yield of 3.23% ordinarily wouldn’t turn heads—it’s below historical norms—but a decade of ultralow rates following the financial crisis has made the market acutely sensitive to such a shift.
A spike in yields on Wednesday coincided with the Dow Jones industrials’ loss of 832 points, the index’s largest drop since February. After a selloff like that, which contributed to the Dow’s 4.2% decline on the week, some investors might be tempted to curl up into a ball. But there are ways to take advantage of rising interest rates, market strategists say.
Regards,
Ted
https://www.barrons.com/articles/banks-will-benefit-from-rising-rates-other-sectors-not-so-much-1539384188?mod=hp_DAY_1
