Chairman Bernanke's comments after the bell yesterday are providing succor to investors worried about the recent rise in interest rates. 10 year government yields are heading down today as a result. As I have been advocating on these pages over the past few weeks, REITs and Energy MLPs sold off too far as result of these recent interest rate rises. These entities have rebounded nicely over the last few trading sessions and are having another solid showing today as yields continue to come down from their recent highs.
Another sector that has been unfairly punished by the recent rise in interest rates is the mortgage servicers. One player in this space, Walter Investment Management (WAC), is down...
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