By Steve Blumenthal, CEO, CMG Capital Management Group Inc.
Bond yields rose again this week and are nearing an 8-month high.
Rising yields are good for some stocks and bad for others. Dividend payers, REITs and Utilities have been among the recent worst performers.
Alternately, banks and life insurance stocks have been rising since January and strong again last week. Bond yields began rising in early February. The 10-year Treasury yield has gone from 1.67% (YTD low on February 2) to 2.48% last Friday.