The 10-Year Treasury Just Hit a 24-Year High. Here's What History Says That Means for Realty Income.
History seems to be repeating, though from 2022, not the longer-term trend.
Overview
The 10-year Treasury yield just hit its highest level since 2002 at over 5.3%. Most investors would assume that rising rates are bad news for REITs like Realty Income (NYSE:O). However, up until more recently, REITs have historically delivered positive returns during periods of rising rates.
Here's a look back at how an investment in Realty Income has historically performed as rates have risen, and what that means for investors today.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.