Rates Retreat • Downbeat Data • Real Estate Rebound

July 1, 2022 | Hoya Capital

Rates Retreat • Downbeat Data • Real Estate Rebound Real Estate Daily Recap Jul 1 Written By U.S. equity markets rebounded Friday while the benchmark 10-year Treasury yield slipped to the lowest level since May, reflecting a building consensus that slowing global economic growth will contain inflationary pressures. Starting the back half of the year on a higher note following its worst first-half performance since 1970, the S&P 500 advanced 1.0% today, trimming its drawdown back below 20%.

Real estate equities were among the leaders today - and on the week - benefiting from the retreat in global interest rates and expectations of U.S. economic outperformance. The downbeat economic data continued today with weaker-than-expected PMI data this morning, dragging the Citi Economic Surprise Index to the lowest-level since early in the pandemic. We'll publish a full analysis and commentary of this week's developments in the real estate industry, as well as an analysis of the busy week of economic data in our Real Estate Weekly Outlook published this weekend.

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U.S. equity markets rebounded Friday while the benchmark 10-year Treasury yield slipped to the lowest level since May, reflecting a building consensus that slowing global economic growth will contain inflationary pressures. Starting the back half of the year on a higher note following its worst first-half performance since 1970, the S&P 500 advanced 1.0% today to trim its drawdown to back under the 20% "bear-market" threshold. Real estate equities were among the ...