Jefferies strategist Steven DeSanctis goes overweight on real estate for the first time in his career, explaining in a note that “interest rates around the globe are NOT going anywhere and US rates are tethered to the global markets and thus heading lower.”
10-year Treasury yield fell by 8 basis points overnight to 1.63%.
“Quest for yield can be quenched by real estate,” writes DeSantis, who has worked in financial services since the late 1990s.
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