M-REITS appear to be in negative correlation with 10Y MGS. As MGS yield rises, investors demand higher distribution yield on REITs, which in turn will lower REITs share price.
10Y MGS is in direct correlation with 10Y US
Trading Economics expects US yield to inch closer to 2% mark in next 12 months. Will we a corresponding increase in MGS yield and hence, this may lead to lower MREITs share price?
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