ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.
U.S. bank stocks continue to rocket higher along with long term interest rates. The steepness of the U.S. yield curve – the difference between two-year and 30-year mortgage rates – remains the best indicator of short term American bank stock performance. The potential for reduced central bank monetary stimulus is a new, and potentially positive, wrinkle for investors in the sector.