Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Financials Rise With Treasury Yields -- Financials Roundup

06/23/2021 | 05:01pm EDT

Shares of banks and other financial institutions rose alongside Treasury yields, which closed around 1.49%.

"With the 10-year yield falling close to 1.4% last week in the aftermath of the Fed meeting, many now seem much more comfortable that yields may remain lower for longer," said Jim Paulsen, chief investment strategist at money manager the Leuthold Group, in a note to clients.

Shares of government-controlled mortgage-finance backers Fannie Mae and Freddie Mac plunged after the Supreme Court ruled an oversight body for the companies was structured unconstitutionally because its decisions weren't accountable enough to the president.

The Biden administration moved to replace Mark Calabria as the head of the Federal Housing Finance Agency in response to the ruling. Wall Street bank Morgan Stanley has told its employees they must get Covid-19 vaccines before returning to its New York offices.

Ant Group, the financial-technology giant controlled by billionaire Jack Ma, is in talks with Chinese state-owned enterprises to create a credit-scoring company that will put the fintech giant's proprietary consumer data under regulators' purview.

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

(END) Dow Jones Newswires

06-23-21 1659ET

Latest news "Economy & Forex"
12:38aGold languishes near $1,800/oz on firm dollar, Fed's taper talk jitters
RE
12:33aU.S. job growth seen strong as technical factors provide a boost
RE
12:33aU.S. Senate to try to finish $1 trillion infrastructure bill on Saturday
RE
12:32aIndia keeps rates on hold as expected; market eyes clues on policy normalisation
RE
12:26aNew Zealand dollar buoyant as rate hike seen just days away
RE
12:22aChinese EV maker Li Auto to raise $1.52 bln in Hong Kong listing - sources
RE
12:21aEMEA MORNING BRIEFING : Stocks to Waver as -2-
DJ
12:21aEMEA MORNING BRIEFING : Stocks to Waver as Investors Await U.S. Jobs Data
DJ
12:20aChina iron ore, steel futures range-bound; to post weekly loss
RE
12:20aBukalapak up 25% after raising $1.5 billion in Indonesia's biggest IPO
RE
Latest news "Economy & Forex"