The 10-Year Treasury Just Hit a 24-Year High. Here's What History Says That Means for Realty Income.
The 10-year Treasury yield just hit its highest level since 2002 at over 5.3%. Most investors would assume that rising rates are bad news for REITs like Realty Income (NYSE:O) . However, up until more recently, REITs have historically delivered positive returns during periods of rising rates. Here's a look back at how an investment in Realty Income has historically performed as rates have risen, and what that means for investors today. Image source: The Motley Fool. Continue reading