Several real estate finance stocks fall as US Treasury yields rise
FROM THE WIRE · FINANCE.YAHOO.COM
Arbor Realty Trust, Franklin BSP Realty Trust, PennyMac Financial Services, Walker & Dunlop, and Ladder Capital Shares Are Falling, What You Need To Know What Happened? A number of stocks fell in the afternoon session after U.S. Treasury yields moved higher across the curve as…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHigher yields raise mortgage and funding costs, weighing on real estate finance stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The 10-year yield rose more than 3 basis points to about 5.14%.
- 02Hotter-than-expected inflation data kept rate concerns in focus.
- 03The decline involved ABR, FBRT, LADR, PFSI and WD.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Arbor Realty Trust2.67 USDMarket closedtoday -0.74%Negative Franklin BSP Realty Trust, Inc.5.95 USDMarket closedtoday -4.19%Negative Ladder Capital Corp8.83 USDMarket closedtoday -3.07%Negative PennyMac Financial Services, Inc.59.20 USDMarket closedtoday -1.86%Negative Walker & Dunlop, Inc.31.67 USDMarket closedtoday -3.03%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets