Yield Curve Becomes an Issue For Regional Bank ETFs
This article was originally published on ETFTrends.com.
The SPDR S&P Regional Banking ETF (NYSEArca: KRE), the largest regional bank exchange traded fund, slumped more than 3% last week and lost nearly 9% in May. The inverted yield curve is likely one reason why regional bank stocks and ETFs like KRE stumbled last month. Rising interest rates historically benefit regional banks. Higher interest [...]