A sharp jump in yields can curb demand for consumer loans, while gradual increases often allow banks to earn more from lending, the report said. Comments from Federal Reserve officials Christopher Waller and Lorie Logan helped push yields higher.
In section Market Quotes
Financial Stocks Rise as Treasury Yields Recover
Shares of banks and other financial institutions rose as Treasury yields regained some recent losses, with traders betting the sector could keep growing despite higher interest rates.
Comments (0)
No comments yet. Be the first!