Skip to content
Oct 05 2023

Additional Factors

  • Oct 5, 2023

Surging interest rates were the story of September, as the benchmark 10-year and 30-year yields both moved 50 basis points higher. The rate increases were felt most acutely by Utilities, as the sector ETF (XLU) fell over 13% in the twelve trading days from 9/15 to 10/2. XLRE, the Real Estate sector ETF, was squeezed as well, falling 11% during that same period.


For full access, please enter your credentials.

About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager