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As Bond Yields Jump These Industry Groups Will Suffer As Others Gain

As Bond Yields Jump These Industry Groups Will Suffer As Others Gain

Today, yields on the 10-year U.S. Treasury Note and the 30-year US Treasury Bond are moving sharply higher. This move in bond yields will certainly affect many industry groups. Some of the sectors that will be negatively affected by higher bond yields include home builders, Real Estate Investment Trusts (REITS) and utility stocks. Obviously, these important sectors have been major winners in 2019. These industry groups should now be avoided as investments if yields continue to rise. Now please understand, a one-day move with higher bond yields does not make a new trend, but it is worth watching.

The big winner in the market if yields continue to rise will be the financial stocks. As you can see, stock such as JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), Citigroup (NYSE:C), Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS) are all having big moves higher in their share prices today. Other sectors that could benefit include insurance companies, brokerage firms and private lenders.

 

 

 

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