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DownWithPumpers

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DownWithPumpers

Re: gdl post# 18839

Saturday, 09/13/2014 10:38:13 PM

Saturday, September 13, 2014 10:38:13 PM

Post# of 37920
As for regional banks

Higher long-term rates is a positive for banks. That's why the regional bank ETF (KRE is the symbol) was up Friday. Banks borrow money at the overnight rate and lend it out at the 5 to 10 year rate.

When long-term rates go up and short-term rates stay steady it directly increases the profit margin for banks.

That's why the financial sector is the only S&P 500 sector that was up over the last two days (Thursday and Friday):
http://www.thumbcharts.com/101592/S-P-500-Sector-Performance
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