Homebuilder ETFs Find Strength from Falling Treasury Yields
This article was originally published on ETFTrends.com.
The 10-year benchmark Treasury yield fell on Wednesday, causing homebuilder exchange-traded funds (ETFs) to gain strength, such as the iShares US Home Construction ETF (BATS: ITB) and SPDR S&P Homebuilders ETF (NYSEArca: XHB). ITB gained 2.36 percent while XHB rose 1.15 percent in midday trading. Meanwhile, the rest of the capital markets fretted over Treasury [...]