Financials Down After Weak 20-Year Offering - Financials Roundup

Shares of banks and other financial institutions fell sharply after a poorly subscribed offering of 20-year Treasury bonds.

The U.S. sold the 20-year bonds with a yield of more than 5% for the first time in more than a year.

JPMorgan Chase Chief Executive Jamie Dimon has long warned of rising geopolitical risks. Now, as tariffs, budget deficits and regulatory changes loom and wars rage in Ukraine, the Middle East and elsewhere, the largest U.S. bank by assets launched the JPMorgan Chase Center for Geopolitics (CfG) to help its banking customers manage geopolitical risks.

Bloomberg's financial terminals, an essential tool for many professional investors, suffered an outage early Wednesday, disrupting trading and some offerings of government bonds.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

05-21-25 1905ET