Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexCryptocurrenciesCybersecurityPress Releases

Financials Up Alongside Treasury Yields -- Financials Roundup

08/11/2022 | 04:33pm EDT

Shares of banks and other financial institutions rose sharply alongside Treasury yields.

The yield on the 10-year Treasury topped 2.88%, closing at its highest level since late July.

In another good sign for loan profitability, the 30-year fixed-rate mortgage rose markedly to 5.22% as of August 11, according to Freddie Mac.

One strategist said movements in the CBOE volatility index, a measure known as the "fear gauge," suggest that traders are growing less confident in the short-term outlook for the stock market.

"We saw the VIX under 20 there for a little bit, but it's popping its head back up," said JJ Kinahan, chief executive of IG North America, the parent company of options firm tastytrade.

The U.S. The Securities and Exchange Commission is looking into Melvin Capital Management's risk controls and investor disclosure after the hedge fund was brought low by the meme-stock rally last year, The Wall Street Journal reported.


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

(END) Dow Jones Newswires

08-11-22 1632ET

Latest news "Economy & Forex"
06:26aIndia's platinum imports jump to record high as refiners take advantage of tax change
RE
06:25aGermany, others in EU plan Iran sanctions over protests clampdown -source
RE
06:25aCyberattack on Australian telco Optus affects 1.2 million customers
RE
06:25aIsrael, TotalEnergies hold Paris talks on gas field off Lebanon, source says
RE
06:20aCredit Suisse, Citi cut 2022 year-end target for S&P 500
RE
06:19aRussia's gazprom says this will allow check integrity of b line…
RE
06:18aRussia's gazprom says working on lowering pressure at ns2 pipeli…
RE
06:18aRussia's gazprom says gas leaks have stopped…
RE
06:17aRussia's gazprom says pressure in nord stream pipelines has stab…
RE
06:15aReducing energy waste key to meeting climate goals
RE
Latest news "Economy & Forex"