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Banks give some back as rates sink to 2017 low

  • The 10-year Treasury yield is off another four basis points today to 2.33% - now at the bottom of a range of about 2.3%-2.6% that it's occupied since shortly after the election.
  • Financial sector investors betting on higher interest rates may be keeping a close eye on whether or not a downside breakout occurs.
  • For now, satiated bulls are cashing in a few chips, with the XLF -0.9%, the KRE -1.15%, and KBE -1.05% vs. the S&P 500's 0.15% decline.
  • Bank of America (BAC -1.9%), JPMorgan (JPM -1.2%), Morgan Stanley (MS -2.4%), Regions Financial (RF -1.3%), KeyCorp (KEY -1.5%), Fifth Third (FITB -1.1%), State Street (STT -1.2%), Schwab (SCHW -0.9%), MetLife (MET -1.6%), Lincoln National (LNC -1.4%)
  • ETFs: XLF, FAS, FAZ, UYG, VFH, IYF, BTO, IYG, FNCL, SEF, FXO, RYF, FINU, RWW, XLFS, FINZ, JHMF, FAZZ, FNCF

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Bank of America Corporation