Income Issues to be Tested Today
By: Tim McPartland,
With the very strong employment report this morning the 10 year treasury has jumped up to 2.19%. This is the highest rate since early December and we will see how preferreds and exchange traded debt react. In the last few weeks these sectors have pretty much ignored higher trending rates–while REITs and Utilities have been moving in both directions—I believe some correction from a unsustainable high–will they get hammered today?