Bond Rout • REIT Updates • Rig Counts Rise

February 8, 2022 | Hoya Capital

Bond Rout • REIT Updates • Rig Counts Rise Real Estate Daily Recap Apr 8 Written By U.S. equity markets were mixed Friday- but were broadly lower for the week- amid an ongoing "bond rout" as the 10-Year Treasury Yield climbed to its highest level in three years. Snapping a four-week streak of gains with weekly declines of roughly 1%, the S&P 500 declined 0.3% today while the tech-heavy Nasdaq 100 slipped 1.4%.

Mid-Caps and Small-Caps were modestly lower today. Real estate equities were leaders today - and outperformed on the week - as the Equity REIT Index climbed 0.2% with 12-of-19 property sectors in positive territory. Mortgage REITs gained 0.6%. The 10-Year Treasury Yield rose to its highest level since May 2019 at 2.71% while the 2-Year Treasury Yield climbed to 2.52% - its highest level since March 2019. LXP Industrial (LXP) dipped more than 14% after announcing that it is no longer pursuing a sale of the company, citing "the significant changes to macroeconomic, geopolitical and financing conditions." Income Builder Daily Recap We recently launched Hoya Capital Income Builder - a premier income-focused investment research service through Seeking Alpha Marketplace - that will be the new exclusive home of all of Hoya Capital's investment research.

Income Builder focuses on real income-producing asset classes that offer the opportunity for diversification, monthly income, capital appreciation, and inflation hedging. If you're not already on board, give us a try with a completely risk-free two-week trial and take a look around. U.S. equity markets were mixed Friday - but were broadly lower for the week - amid an ongoing "bond rout" as the 10-Year Treasury Yield climbed to its highest level in two years on expectations of aggressive monetary tightening.

Snapping a four-week streak of gains with weekly declines of roughly 1%, the S&P 500 declined 0.3% today while the tech-heavy Nasdaq 100 slipped 1.4%. Mid-Caps and Small-Caps were modestly lower on ...