08.07.2009 - Best of rally in US REIT bonds likely past
From Reuters: A dramatic rally in bonds of U.S. real estate investment trusts may not be sustainable as the sector faces a protracted slump in property values, low occupancy rates, and weakened credit markets. Rebounding from their worst year ever, high-grade REIT bonds have rallied 36 percent this year, including a 22 percent gain in the second quarter alone, according to Bank of America Merrill Lynch data..........Full Article: Source
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