Research Fixed Income
News, Events, & Reports

Print.

Print

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

Sector Update: Financial

BY MT Newswires | TREASURY | 01:24 PM EDT

01:24 PM EDT, 03/11/2026 (MT Newswires) -- Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each falling 1.1%.

The Philadelphia Housing Index was dropping 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 1%.

Bitcoin (BTC-USD) was up 1.4% at $70,958, and the yield for 10-year US Treasuries was rising 7.4 basis points to 4.21%.

In corporate news, Citigroup (C/PN) (C) has told staff to evacuate its offices in the Dubai International Financial Centre and the Oud Metha area and work from home until further notice, Reuters reported Wednesday, citing a staff memo. Standard Chartered has also asked employees in Dubai to work remotely, the report added. HSBC (HSBC) has temporarily closed all branches in Qatar to protect staff and customers, the report said, citing a customer notice. Citi shares were down 0.9%, and HSBC (HSBC) was easing 0.1%.

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

More Fixed Income News

Update: Gold Prices Fall on a Higher Dollar as U.S. Consumer Prices Rose As Expected Last Month BY MT Newswires |ECONOMIC 02:00 PM EDT
Sector Update: Financial Stocks Fall Wednesday Afternoon BY MT Newswires |TREASURY 01:57 PM EDT
GLOBAL MARKETS-Stocks dip, Treasury yields jump as oil pushes higher BY Reuters |TREASURY 01:44 PM EDT
Sector Update: Financial BY MT Newswires |TREASURY 01:24 PM EDT

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.

© 1998 – 2014 FMR LLC.

All rights reserved.

fir_news_article