No. of Recommendations: 5
For fun I just did a five year graph of the 10-year gilt yield overlaid with the price of Unite Group. Very instructive. It's quite remarkable how much these folks trade as bond substitutes without, it seems, very much investor insight into what the company itself is doing.
Here is the bond yield
https://tradingeconomics.com/united-kingdom/govern...You can click "+" and add Unite Group to the chart, then click on 5Y time scale.
Given that gilt yields are at their highest since the credit crunch, it does seem to have a lot of explanatory power for the REIT sell-off, or at least having turbocharged it.
Jim
