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Real Estate Select Sector SPDR Fund
Trends
- 1Real estate stocks slump as bond yields climb▼Real estate stocks slump amid rising bond yields, sector rotation into technology (XLRE:NYSEARCA)
Real estate stocks fell sharply as bond yields continued to rise, pressuring the interest-rate-sensitive property sector. Investors rotated money into technology shares, which are seen as better positioned in the current market. The Real Estate Select Sector SPDR Fund tracked the broader weakness in property-related names. Higher yields raise borrowing costs and make real estate's dividend yields less attractive relative to bonds.