In the News

Title

Energy Stocks Perform Well When Interest Rates Rise

Document Type

Article

Publication Date

10-14-2016

Abstract

Energy stocks tend to perform well in a rising interest rate environment, outpacing the S&P 500's average gains when the 10-year Treasury yield rose above 2.74% as investors focus on their performance in the fourth quarter with the odds of the Federal Reserve raising interest rates increasing.

When the 10-year Treasury yield is too low, stocks in the S&P 500 energy sector decline compared to the benchmark.