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Financials Flat As Treasury Yields Give Back Some Gains — Financials Roundup

Shares of banks and other lenders and money managers were flat as Treasury yields gave back some of their recent gains.

Federal Reserve Governor Lael Brainard said the central bank was committed to support the economy for some time to come and had no imminent plans to taper purchases. One brokerage said the Fed would likely wait until there's a significant move in consumer prices before reducing its bond buying activity.

"Our base case is for the Fed to start tapering in the first half of 2022, which is when we anticipate the Fed will have made greater progress on their [consumer inflation] objective.

Shares of Affirm Holdings surged on the "buy-now, pay-later" company's trading debut.

Europe's antitrust watchdog approved London Stock Exchange Group's $15 billion deal to acquire Refinitiv Holdings with conditions, removing a key hurdle in the company's bid to challenge Bloomberg, S&P Global and other industry heavyweights offering financial data.

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

(END) Dow Jones Newswires

January 13, 2021 17:32 ET (22:32 GMT)

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