Looking for companies with big yields? These two names fit the bill, and they are both well-positioned to thrive in the future.
Real estate can be an enriching investment. It has minted its share of millionaires over the years (along with quite a few billionaires). While many of the wealthiest real estate investors made their money developing properties, real estate investment trusts (REITs) have also been richly rewarding long-term investments, as they've historically outperformed stocks.
(Bloomberg) -- The selloff in global bonds deepened as the benchmark Treasury yield hit a one-year high and debt from the U.K. to Australia came under pressure.U.S. stock futures slumped, with tech shares once again bearing the brunt of selling as investors rotate to companies poised to benefit from an end to pandemic lockdowns. Across markets, investors are betting on a sunnier outlook for the global economy and the risk that inflation is just around the corner. U.S. data showed fewer-than-forecast jobless claims last week.Companies popular with the day-trader crowd surged once again. GameStop Corp. jumped 63% and AMC Entertainment Inc. rallied 11% in early U.S. trading.Commodities also extended gains, with investors piling into metals that can ride faster growth trends. Copper moved closer to a record high set a decade ago and aluminum touched a two-year high.“Inflationary signals, including a surge in commodity prices, are higher than we have seen in years,” said Geir Lode, head of global equities at the international business of Federated Hermes. “The prospect of a sooner-than-expected economic recovery has led to a surge in the U.S. 10-year yield.”In remarks this week, Federal Reserve Chairman Jerome Powell offered reassurance that policy would continue to be supportive and look beyond a temporary pick-up in inflation, especially from a low base.That’s given the bond market enough reason to keep driving yields higher. The 10-year U.S. yield adjusted for inflation rose to its highest level in more than seven months, a warning sign for riskier assets that have benefited from exceptionally loose financial conditions amid the pandemic.Read more: Soaring U.S. Yields Send Risk Assets Warning as Real Rates RiseNominal yields also soared, with the rate on the 10-year U.S. benchmark adding 7 basis points to 1.45%, near the highest level in a year.Elsewhere in markets, European stocks erased an earlier gain while Asian bourses closed broadly higher. Bitcoin traded above $50,000.Some key events to watch this week:Finance ministers and central bankers from the Group of 20 will meet virtually Friday. U.S. Treasury Secretary Janet Yellen will be among the attendees.These are some of the main moves in markets:StocksFutures on the S&P 500 Index dipped 0.4% as of 8:16 a.m. New York time.The Stoxx Europe 600 Index decreased 0.1%.The MSCI Asia Pacific Index surged 1.3%.The MSCI Emerging Market Index added 1.2%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro climbed 0.5% to $1.2229.The British pound gained 0.1% to $1.4154.The Japanese yen weakened 0.2% to 106.10 per dollar.BondsThe yield on 10-year Treasuries increased seven basis points to 1.45%.The yield on two-year Treasuries climbed two basis points to 0.14%.Germany’s 10-year yield jumped five basis points to -0.26%.Japan’s 10-year yield climbed three basis points to 0.153%.Britain’s 10-year yield advanced six basis points to 0.796%.CommoditiesWest Texas Intermediate crude increased 0.2% to $63.33 a barrel.Gold weakened 1.1% to $1,785.66 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.