All of the major stock indexes continue to trade inverse to the 10-year bond yield. When the yield on the 10-year U.S. Treasury note declines, the major stock indexes will usually rally. This inverse action is very evident by looking at the chart below. Some leading equities that will trade higher when bond yields decline include Lennar Corp. (LEN), Simon Property Group Inc. (SPG) and the Select Sector SPDR-Utilities ETF (XLU).
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