Insurance companies have large exposure to both short and long dated US treasuries, they need bond rates to be high for asset/liability matching.
US treasury yields on the shorter end are at 7-9yr highs.
Bond rates go up, insurance stocks go up.
Insurance companies have large exposure to both short and long...
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Last
3,001.9 |
Change
25.600(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,976.3 | 3,002.5 | 2,976.3 |
| XSO (ASX) Chart |