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REITs And Yield

|Includes:Gramercy Property Trust, Inc. (GPT), O, TMF, UBT, VNQ

Over the course of the past three months, the treasury decline (see the UBT ETF) appears to have correlated with the REIT decline (see the VNQ index and prominent REIT "O" as well as our GPT).

As a basket, long GPT and short TMF smooths out performance and captures a wide spread:

Here is what happens when you set up both sides of the trade in equal dollar value:

Stocks: GPT, TMF, UBT, O, VNQ