Levant’s positive view on REITs looking forward is based on his belief that global economic growth will remain sluggish and thus keep bond yields in check. He said it’s possible the 10-year bond yield could rise to 2.5 per cent in the near term, but over the longer-term he sees the potential for a drop back to 1.9 per cent. If that were to happen, Levant wrote, then the recent uptick up 10-year Canada bond yields would be a buying opportunity for REITs
http://gold.globeinvestor.com/servlet/ArticleNews/commentarystory/GIGOLD/20120322/carrick0321/home/home?back_url=yes consider 1.5% to 3.5% premium over the 10 year bond so a 10 % swing (pullback) is not impossible.
