Sector ETFs & Stocks To Win Or Lose On Higher Rates
Zacks Investment Research | May 16, 2018 10:45PM ET
Year 2018 so far has been marked by increased government borrowing costs. This is especially true as growing inflationary pressure is building up the case for aggressive rate hikes, pushing yields higher. According to CME, there is 51% chance of four interest rates hike this year.
The 10-year Treasury yields, which are a key driver of global borrowing costs, jumped to a 7-year high of 3.12%. The latest spike came on the heels of higher oil price, which is back to $80 per barrel level, and upbeat April retail sales. Worries about growing supply of government debt are also causing the spike in yields (read: Original post
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