IYR is trading at $103.96, up 3.07%, as falling Treasury yields supported rate-sensitive real estate stocks.

  • The 10-year yield dipped to 4.912% after the Democratic congressional sweep eased concerns about additional borrowing.
  • NNN REIT reported 5.8% year-over-year AFFO growth and 99.2% occupancy, adding sector support.
  • The broader real estate index rose 1.57%; IYR’s larger gain suggests additional buying beyond the sector’s baseline move.