TSX:AX.PR.E - Post by User
Post by
garyreinson Nov 27, 2024 11:10pm
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Post# 36334975
ONE WAY OR ANOTHER...
ONE WAY OR ANOTHER...If the US 10 yr continues its decline to sub 4% even just for the sake of its 3.60-4.40% trading range, thatll have no choice but to get these CAD reits a jet propulsion like we've never seen before, given that the BOC will cut again AND they have underperformed other interest rate stuff like utiliies/VNQ by a massive margin
If the 10yr yield remains elevated then who knows, the bleed can go on forever, or we can get a small bounce for seasonality
BUT, if the 10yr yield gets closer to 4% or under, watch out
THE SHORTS ARE GONNA GET THEIR HEAD SPINNNING WATCHING THE MOVE UP.
We need 13% just to "catch up", then another 10% because of the lower bond yields and BOC rate.