SPRE is trading 6% up in pre-market as Treasury yields eased after the Federal Reserve’s rate hike, reducing immediate pressure on rate-sensitive real estate assets.
- The 10-year Treasury yield was near 4.951% early September 18, while 30-year yields declined to 5.286%.
- The Bank of Japan’s expected 25-basis-point hike to 1.25% was viewed as gradual after a 7-2 vote, supporting Asian equities and broader risk appetite.
- Firmer U.S. futures, falling oil, and improving bond sentiment reinforce the sector move.