It’s hard to hide out there.
As U.S. 10-year Treasury yields soar, rising roughly 50 basis points since early May, the market’s gone a bit bonkers. And yield-driven securities are the hardest hit.
For the most part, the focus has been on real estate investment trusts, which have been slammed. The S&P/TSX Capped REIT Index is down 11 per cent since May 1.