U.S. Real Estate Stocks Outperform as Treasury Yields Fall in October
Photo: TokenPost
U.S. real estate shares outperformed the broader market in October as investors rotated away from technology and long-term Treasury yields declined, with the Federal Reserve holding interest rates steady. Yields on 10-year Treasury securities fell 35 basis points, while 30-year yields dropped 32 basis points. The retreat in long-term borrowing costs added support for the sector as technology shares faced selling pressure. An executive order directed the FHFA to develop a pilot program that would cancel mortgage insurance premiums after borrowers meet equity requirements based on current market values. Company results produced mixed share moves.
Source: TokenPost
