Markets Pounded • Yields Surge • Ian Eyed

September 26, 2022 | Hoya Capital

Markets Pounded • Yields Surge • Ian Eyed Real Estate Daily Recap Sep 26 Written By The pain continued for U.S. equity and bond markets Monday as hawkish Fed policy sparked another wave of instability in international markets as volatility measures jumped to post-pandemic highs. Closing at its lowest levels since December 2020, the S&P 500 dipped another 0.9% today while the Mid-Cap 400 and Small-Cap 600 each dipped back into "bear market" territory.

Real estate equities were hit especially hard today as benchmark interest rates took another leg higher. The Equity REIT Index dipped 2.8% today with all 18 property sectors in negative territory. A historic plunge in the British pound sent tremors across the global financial system while the U.S. Dollar closed in on its strongest level in nearly four decades. Ahead of a busy week of Fed speak, the VIX surged past 30 for the first time since June while the BofAML MOVE Index - a measure of interest rate volatility - soared to levels last seen in March 2020.

Real Estate Daily Recap The pain continued for U.S. equity and bond markets Monday as hawkish Fed policy sparked another wave of instability in international markets as volatility measures jumped to the highest levels since early 2022. Closing at its lowest levels since December 2020, the S&P 500 dipped another 0.9% today while the Mid-Cap 400 and Small-Cap 600 - along with the Dow Jones Industrial Average - each dipped back into "bear market" territory.

Real estate equities were hit especially hard today as benchmark interest rates took another leg higher. The Equity REIT Index dipped 2.8% today with all 18 property sectors in negative territory while Mortgage REIT Index slid more than 6% amid a surge in global interest rate volatility. A historic plunge in the British pound sent hushed tremors across the global financial system while the U.S. Dollar closed in on its strongest level ...