Here's Another Group of Stocks Getting Hammered by Soaring Yields
Soaring yields are shrinking banks' net interest margins.
Overview
Bond yields continue to soar, damaging interest rate-sensitive sectors of the economy.
I recently wrote that rising yields are killing homebuilder stocks because mortgage rates are linked to the 10-year Treasury yield, which this week hit 5.31%, 1.15 percentage points above where it stood at the beginning of 2026. That's very bad news for a housing market that was already suffering from affordability issues.
Details
Well, misery loves company, and homebuilders are not alone. Bank stocks have also tanked over the past month due to rising yields and the prospect of multiple interest rate hikes by the Federal Reserve.
Source
Originally published at www.fool.com.
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