These stocks are seen as a good bet when interest rates fall

The Federal Reserve’s policy reversal on interest rates has driven benchmark yields to the lowest levels in more than a year. For stock investors, the environment of falling rates is now favoring one particular sector: consumer staples.

“By contrast Consumer Staples which are still priced for a significantly higher 10y yield (closer to 3%), would be the preferred play, with upside even if rates and growth stay at current levels, more so if they decline further,” Chadha said.

The U.S. 10-year Treasury yield touched new 14-month low Wednesday. Yields move the opposite of prices.

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Mario Draghi, president of the European Central Bank (ECB), looks on during the 'ECB and its Watchers' conference in Frankfurt, Germany, on Wednesday, March 27, 2019.Chip Bergh, president and chief executive officer of Levis Strauss & Co., center, speaks with traders during the company's initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 21, 2019.