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Sector Update: Financial

BY MT Newswires | TREASURY | 10/10/25 01:16 PM EDT

01:16 PM EDT, 10/10/2025 (MT Newswires) -- Financial stocks were falling in Friday afternoon trading, with the NYSE Financial Index down 1.3% and the Financial Select Sector SPDR Fund (XLF) dropping 1.5%.

The Philadelphia Housing Index shed 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was decreasing 0.8%.

Bitcoin (BTC-USD) was declining 3% to $118,133, and the yield for 10-year US Treasuries was dropping 9 basis points to 4.06%.

In economic news, President Donald Trump warned of a "massive" increase in trade tariffs on China, the world's second-largest economy. "One of the policies that we are calculating at this moment is a massive increase of tariffs on Chinese products coming into the United States of America," Trump said in a Truth Social post Friday.

In corporate news, Carlyle (CG) agreed to buy German chemical producer BASF's coatings business in partnership with Qatar Investment Authority for about 7.7 billion euros ($8.91 billion). Carlyle shares were down 4.4%.

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

More Fixed Income News

Thermo Fisher Scientific Prices Offering of USD-Denominated Senior Notes BY Business Wire |CORPORATE 02/09/26 09:41 PM EST
Principal Financial's fourth-quarter profit rises on higher premiums, fee income BY Reuters |ECONOMIC 02/09/26 06:23 PM EST
Oportun Strengthens Debt Capital Structure With $485 Million Asset Backed Securitization and Corporate Debt Repayments BY GlobeNewswire |CORPORATE 02/09/26 06:11 PM EST
Fed's Miran says data suggests Americans aren't shouldering tariff hit BY Reuters |ECONOMIC 02/09/26 05:27 PM 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.

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