US real estate stocks rose 1.88% for the week... XLRE closed at $44
Original headline미 부동산주 주간 1.88% 상승…XLRE는 44달러 마감
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US real estate stocks rallied in the first week of November after Democrats swept both chambers in the midterm elections, with the S&P 500 real estate sector index rising 1.88% to close at 280.25 on November 6 and the XLRE real estate ETF gaining 1.92% to finish at $44. The move tracked a decline in long-term Treasury yields, with the 10-year yield falling 0.09 percentage points to 4.86% on November 6 from 4.95% on Election Day, November 3, after touching 4.84% on November 5. The inverse relationship matters because lower long-term rates ease borrowing costs and support valuations for rate-sensitive REITs, which own and operate real estate and distribute income to investors. Investors will watch whether the yield decline holds or reverses, as the November 6 rebound to 4.86% suggests the rate move may be stalling.
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Named in this story
SP500 Real Estate Sector Index, XLRE, Democratic Party, US Treasury, Seeking Alpha