Sectors: Will Rising Rates Wreak Havoc?

S&P looks at recent history and finds that higher yields tend to ding financials and industrials, while health care and IT hold up better

The yield on the 10-year Treasury note has risen from 4.63% at the end of April to 5.25% recently, only to back off slightly to 5.14%. We think rates will head higher in the coming months.

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