VTR - BofA screens best and worst stocks for rising Treasury yields: At the Open

Longer-term interest rates are moving back down after a rally last week, but Wall Street still sees a rising trend. The 10-year Treasury yield (NYSEARCA:TBT) (NASDAQ:TLT) is back below 1.6% this morning after topping 1.67% last week, nearing highs for the year. BofA Securities rates strategist are calling for the 10-year to hit 2% by the end of 2022 and the equity and quant strategy team has screened for the best and worst stocks for interest rate betas in the S&P 500 (SP500) (NYSEARCA:SPY). "Screens are based on a regression of stocks’ monthly excess returns vs. monthly changes in the nominal 10yr yields, including only those stocks with beta (slope) that is statistically significant at the 5% level and who have at least 10 years of monthly returns," BofA strategists led by Savita Subramanian write in a note. 10 S&P stocks helped most by rising nominal 10-year yields (1972 to

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BofA screens best and worst stocks for rising Treasury yields: At the Open