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Sector Update: Financial

BY MT Newswires | TREASURY | 12/02/25 03:28 PM EST

03:28 PM EST, 12/02/2025 (MT Newswires) -- Financial stocks advanced in late Tuesday afternoon trading, with the NYSE Financial Index increasing 0.4% and the Financial Select Sector SPDR Fund (XLF) adding 0.3%.

The Philadelphia Housing Index was up 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was decreasing 0.1%.

Bitcoin (BTC-USD) jumped 5.8% to $91,314, and the yield for 10-year US Treasuries was slightly lower at nearly 4.09%.

In corporate news, Citigroup (C) has added staff to its US investment-grade debt-trading desk, Bloomberg reported. The bank hired Chris Schuville, previously at HSBC, as a director in the high-grade trading team, and Larry Liou, a former credit specialist at TD Securities USA, as lead analyst on the trading desk, the report said. It also said a Citi spokesperson confirmed the hires. Citi shares were up 1%.

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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