Small font size A Larger text size A Largest text size A

Sector Update: Financial

BY MT Newswires | TREASURY | 08/29/25 01:02 PM EDT

01:02 PM EDT, 08/29/2025 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund (XLF) ahead 0.5%.

The Philadelphia Housing Index was down 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.3%.

Bitcoin (BTC-USD) was declining 3.3% to $108,795, and the yield for 10-year US Treasuries was rising 2 basis points to 4.22%.

In corporate news, PayPal (PYPL) is working with local banks to fix any remaining issues after a major outage disrupted payments in Germany, Reuters reported, citing a company spokesperson. The company reportedly confirmed the problem has been resolved. PayPal (PYPL) shares were rising 0.3%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

Kenya's Central Bank Lowers Policy Rate by 25bps to 8.75% as Inflation Weakens BY MT Newswires |ECONOMIC 10:09 AM EST
Alexandria Real Estate Equities Launches Public Offering of Senior Notes BY MT Newswires |CORPORATE 09:49 AM EST
Wall St ticks higher as investors await economic data BY Reuters |ECONOMIC 09:34 AM EST
US STOCKS SNAPSHOT-Wall St ticks higher as investors await economic data BY Reuters |ECONOMIC 09:32 AM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article