Tepid on Telecom ETFs

Telecom exchange traded funds have proven resilient to the recent rise in Treasury yields. Over the past three months, 10-year Treasury yields are up 6.44% while the iShares U.S. Telecommunications ETF (NYSEArca: IYZ) is up 5.3%. That is a decent showing, but one that lags the 6.3% returned by the...