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Financials Down As Shutdown Fears Offset Vaccine Hopes -- Financials Roundup

11/18/2020 | 05:00pm EST

Shares of banks and other lenders and money managers fell as vaccine progress was offset by a second wave of shutdowns.

The yield on the 10-year Treasury note fell slightly after testing recent highs.

Market watchers track Treasury yields as indications of risk appetite, but the yields also have an effect on banks' profit margins, as most consumer loans are benchmarked to the yields.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-18-20 1659ET

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