![]() Hammerson, the owner of multiple shopping malls, has similarly seen its bond yields touch 10.7% from 2.6% last year. One of the sector's leading companies, SEGRO, has seen the interest rate on its bonds rise to 6.4% from 1.2% just over a year ago. In the meantime, Stifel believes that corporate bond yields, which are priced in real-time, are good indicators of future pressures on property assets. The report noted that the stock prices of property companies had yet to factor in the impact of rising interest rates, due to a lag between property valuations and the disclosure of these valuations. "The gamble to generate growth via lower taxes has sent shock waves through the financial markets, such that the 10-year gilt yield is up over 100bps in two weeks, and 230bps in two months," they said. ![]() 30 report titled "In Liz we're Trussed," the analysts said interest rates, driven by government policy, were the key driver for their outlook on the property sector. Here are the five stocks that saw the biggest cuts to their price targets by Stifel, along with their ratings: In a Sept. As a result, investment research group Stifel Europe made "significant" downgrades across the sector. This saw British property stocks become less attractive to investors, who turned to government bonds as a higher-yielding - and safer - bets. government bonds to their highest levels in over a decade. Finance Minister Kwasi Kwarteng sent yields on U.K. Earlier this month, expansive tax cuts announced by U.K. ![]() ![]() The U.K.'s property market has been thrown into turmoil after political turmoil saw borrowing costs in the country soar. ![]()
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