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But interest rate sensitive stocks were lifted by the Bank of England's move.
The concern is that in the recovery phase the UK is highly interest rate sensitive.
"Leadership has clearly shifted to sectors that are interest rate sensitive," said Jim Paulson, chief investment officer at Wells Capital Management.
Interest rate sensitive financial shares led the broad market higher.
Credit card companies understand that consumers are not interest rate sensitive.
Offset the lower yields with less interest rate sensitive investments such as TIPs.
Similar(46)
[A1.] Dow Rises 109 Points; Nasdaq Falls Blue-chip stocks moved higher as tame inflation data lured investors back to interest rate-sensitive shares.
Dial down your exposure to interest rate-sensitive areas such as financials and utilities, says Goldman.
Interest rate-sensitive stocks, like utilities, have started to find bids after the strong sell off.
Meanwhile, the Dow Jones Industrial Average edged up 1.71%, lifted by gains among financial and interest rate-sensitive shares.
That's particularly tough news to stomach for interest rate-sensitive sectors like the financials and home builders.
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