Posts tagged rates
Everything we have written about rates.
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All 31 S&P 500 utilities fell the day the 10-year Treasury yield hit 5%
·3 min read
Every one of the S&P 500's 31 utilities closed lower on 18 September, and so did 26 of 30 consumer-staples stocks and 27 of 30 real-estate names, as the 10-year Treasury yield climbed to 5% following Fed governor Kevin Warsh's hawkish remarks. A semiconductor rally inside Technology was the only thing that kept the index's headline number positive.
sectorsratesfederal-reserveutilitiessp500The S&P 500's most richly valued stocks fell hardest as Treasury yields hit a 19-month high
·3 min read
The S&P 500 fell 0.72% on September 1 as the 10-year Treasury yield climbed to 4.79%, its highest since January 2025. The index's 50 priciest stocks by price-to-sales averaged -2.0%; its 50 cheapest averaged +0.23%.
valuationratessp500sectorsThe utilities were already falling before Warsh opened his mouth
·4 min read
Friday's story was that a hawkish Jackson Hole speech hit rate-sensitive stocks. But 30 of 31 S&P utilities fell on Thursday, the day before the speech, on a day the index rose 0.63%.
ratesutilitiesfederal-reservesectorssp500