Over the past five trading sessions, the performance of major bank stocks depicted an optimistic stance. The continued market optimism on the back of the Federal Reserve’s slightly hawkish stance on monetary policy is driving the bank stocks.
Thus, yields on both 10-year and 30-year Treasury bonds have risen over the past week despite concerns related to the debt ceiling and continued inflationary pressure. The rate on the 10-year Treasury bond stands at 1.58% while that for the 30-year Treasury bond is 2.14%.
