Thursday, January 6, 2022

The Bank Stocks Sure Seem To Like The Steepening Yield Curve (BKX)

With the yield on the 10-year treasury up again to 1.7350% and approaching the very nervous-making highs of March 2021:

(intraday high March 29, 2021- 1.7650%) 
 
The KBW bank index is approaching verticality:
 

 
 
Although the yield on the 10-year started moving higher in earnest in early December, the banks didn't, until a couple weeks later.
BKX  $142.64 up $3.87 (+2.79%)
 
If interested see also Harley Bassman last July: