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

Traders work on the floor of the New York Stock Exchange.

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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