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Bank Stock ETFs Surge as Yields Rise, Economic Outlook Improves

Bank Stock ETFs Surge as Yields Rise, Economic Outlook Improves February 4, 2021 Financial stocks and sector-related exchange traded funds jumped Thursday as rising bond yields helped strengthen the appeal of bank stocks. Among the better performing non-leveraged ETFs of Thursday, the Yields on benchmark 10-year Treasury notes was up to 1.139% on Thursday, as talks of another round of fiscal stimulus progressed through Congress. The financial sector has fallen behind the broader U.S. markets...
United States Mark Newton Spdr Sp Bank Etf Nysearca Financial Select Sector Crossing Advisors Chad Morganlander

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