Dividend-News

Daily dividend news for investors in dividend stocks


Housing History And Why The Yield Curve Got So Flat

Published Thu, 27 Sep 2018 02:05:38 -0400 on Seeking Alpha

Originally published September 26, 2018
The global economy was in very rough shape in 1980. Caught in the spiral of the Great Inflation, there was practically nowhere to hide from ripping upheaval - beyond just the economic problems. Despite trying seemingly everything for an entire decade, nothing Economists came up with would rebalance the system.
They kept saying they only needed time for their schemes to work. By the summer of '80, no one outside the ideology was left to believe them. Even Congress in rare bipartisan fashion denounced "demand side" Economics for leading the country into chaos.
The US economy finally broke. After sustained waves of inflation combined with higher and higher unemployment (just Milton Friedman has predicted more than a decade before), in January 1980 the nation fell into official recession. It was only the beginning. Though that particular contraction was short, lasting only seven months "officially," according to the NBER, it was severe on its own and merely the first of two in close succession.
In August 1980, the month of recovery, which only meant the bottom of that recession, interest rates were obscene. The 10-year US Treasury had ended 1979 yielding around 10%. By February 1980, it was nearly 13%. Now that was a Bond Rout!
Mortgage rates, of course, followed. In December 1979, the average 30-year fixed loan cost a little less than 13% interest. In April 1980, it was as high as 16.5%.
Mortgage... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
NUVEEN REAL ESTATE INCOME FUND 10.71   0.0 0.00 0.00 6.99
RMR REAL ESTATE INCOME FUND 20.04   0.0 0.00 0.00 6.66
COHEN & STEERS TOTAL RETURN REALTY FUND 14.98   0.0 0.00 0.00 6.56
COHEN & STEERS REIT 23.56   0.0 0.00 0.00 6.38
COHEN & STEERS QUALITY INCOME REALTY FUND 15.60   0.0 0.00 0.00 6.30
ISHARES COHEN & STEERS REALTY MAJORS INDEX FUND 118.41   0.0 0.00 0.00 0.00

NUVEEN REAL ESTATE INCOME FUND - JRS
NUVEEN REAL ESTATE INCOME FUND - JRS  


Older articles featuring Nuveen Real Estate Income Fund (JRS):
Resolving The Contradictory Signal Between The Yield Curve And Housing: Watch Corporate Profits
Infrastructure REITs: A Match Made In Low Yield Environment Heaven
Global X SuperDividend REIT ETF: A Solution In Search Of A Problem?
Yield Hunter CEF Report March 2019: Distribution Cuts Pick Up, But So Do Increases
Barron's Says To Buy MLPs In 2019, Yet Its Best Yield Plays Favor Vodafone
Will Rates/Yields Peak Soon?
100 High-Yielders Down Big: These 5 Are Worth Considering
Mortgage Rates Head To 6%, 10-Year Yield To 4%, Yield Curve Fails To 'Invert,' And Fed Keeps Hiking
Want To Be A High Yield Landlord? Hop Aboard The REIT Income Train
The Chemist's CEF Report - July 2018: Treasury Yield Spread Continues To Narrow

More