Actually it is not BS. The 10 year treasury and more accurately the 7 year treasury are good indicators of how the BV (book value) will change by the next quarterly report. And we all know that the value of mREIT stocks are gauged by their BV. And since the BV is expected to decline in the future the mREIT stocks are discounted with respect to BV more so than in the past. I'm actually short treasuries and it is one of my safest investments. There is volatility but in the long run this short position just keeps making money for me. The corollary would be that anything that inversely tracks treasuries will consistently lose money for the foreseeable future. It is not that hard to understand.