Regional Bank ETF Boosted by Rising Yields
This article was originally published on ETFTrends.com.
With Treasury yields continuing to flirt with the important 3% area, some rate-sensitive asset classes are benefiting, including regional bank stocks and the related exchange traded funds. The SPDR S&P Regional Banking ETF (NYSEArca: KRE), the largest regional bank exchange traded fund, is up more than 4% over the past week. Rising interest rates are [...]