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Here were the winning and losing investments during the last major rate spike for markets

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Traders work on the floor of the New York Stock Exchange.
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Thursday's dramatic rise in Treasury yields sent shudders through the equity market, helping to spark a widespread sell-off after stocks had been trading near record highs.

Analysis of a similarly rapid rise in the 10-year yield nearly a decade ago, known as the "taper tantrum," shows a distinct group of winners and losers and could inform investors about what they may want to buy and what they want to clearly avoid if this rate upswing continues.

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