Sector Update: Financial

BY MT Newswires | TREASURY | 10/06/25 03:35 PM EDT

03:35 PM EDT, 10/06/2025 (MT Newswires) -- Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund (XLF) easing 0.1%.

The Philadelphia Housing Index was falling 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 1%.

Bitcoin (BTC-USD) was climbing 1.9% to $125,738, and the yield for 10-year US Treasuries rose 4 basis points to 4.16%.

The partial federal government shutdown, which began last week after lawmakers disagreed on a key spending bill, entered its sixth day on Monday. It delayed the highly anticipated September jobs report that was scheduled to be released on Friday. This week, trade and jobless claims are among the data that may not be released if the shutdown continues.

In corporate news, Carlyle (CG) is close to acquiring BASF's coatings business in a roughly 7 billion euro ($8.17 billion) deal, the Financial Times reported. Carlyle shares were down 0.5%.

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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.

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