NYSE:GBCIBanks
Higher Treasury Yields Are Driving Interest In These Regional Bank Stocks
Rising long term Treasury yields, with the latest 30 year auction clearing at 5.058%, are reshaping how investors think about short duration fixed income and cash like holdings. Higher yields, strong foreign demand for US$22b of new debt, and questions around US fiscal policy are putting fresh focus on vehicles that sit closer to the front of the curve. This article looks at how that backdrop links to short duration fixed income funds and asset managers, and reveals 3 stocks from the screener...