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Sector Update: Financial

BY MT Newswires | TREASURY | 12/01/25 03:29 PM EST

03:29 PM EST, 12/01/2025 (MT Newswires) -- Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) decreasing 0.6%.

The Philadelphia Housing Index declined 0.5%, while the Real Estate Select Sector SPDR Fund (XLRE) fell 1.1%.

Bitcoin (BTC-USD) was falling 6.5% to $85,512, and the yield for 10-year US Treasuries jumped 7.5 basis points to nearly 4.09%.

In corporate news, Blackstone (BX), Apollo (APO) and KKR (KKR) agreed to take a Bank of England stress test designed to assess risks in private credit, the Financial Times reported. The test will assess leveraged loans, high-yield bonds, asset-backed finance, and private equity borrowing under crisis conditions, as well as the potential impact on banks, the financial system and the broader economy, the report said. Blackstone shares were up 0.1%, Apollo was easing 0.1%, and KKR was shedding 0.2%.

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

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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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