Financials Down as Treasury Yield Rally Continues — Financials Roundup
Shares of banks and other financial institutions fell sharply as Treasury yields continued their rally.
The yield on the 10-year Treasury note hit the highest level in more than 17 years, closing on the cusp of 5% for the first time since 2007.
Shares of private-credit managers including Blue Owl and Blackstone have been weighed down by Treasury yields and resurgent default risks in recent weeks after staging a recovery earlier in the summer.
French insurer AXA said earnings should keep growing over the next few years as it concentrates on winning market share after years of reorganization.
CoinEx, a cryptocurrency exchange once popular in Iran, said it was shutting down on Tuesday citing a prolonged downturn in the cryptocurrency market and rising compliance costs.
Bitcoin fell after the U.S. Senate blocked the Digital Asset Market Clarity Act, regulation backed by the crypto industry.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
September 15, 2026 17:39 ET (21:39 GMT)
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