The 10-year yield continued to plunge amid continued trade tensions, dipping below 2.20% in after-hours trading after President Trump announced new tariffs on Mexico. The Hoya Capital US REIT Index finished the day higher by 0.2% led by the cell tower, storage, and healthcare REIT sectors. The mall, hotel, and student housing REIT sectors were the relative laggards on the day. The S&P 500 climbed by 0.3% and the Nasdaq climbed 0.4%. At 2.23%, the 10-Year yield finished the day lower by 1 basis point.

The Hoya Capital US Housing Index finished the day flat with five of the eight sectors in positive territory. The Home Improvement Retail and Residential REIT sector led the way on the day with Zillow, Armstrong, Lennox, At Home, and Wayfair all rising more than 2%.

The Mortgage Lending and Real Estate Insurance sectors were the relative laggards on the day. Overstock, CoreLogic, New Residential, Bed Bath, and Bank of America were each down by more than 2% on the day.

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