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

Sector Update: Financial

BY MT Newswires | TREASURY | 06/18/26 01:22 PM EDT

01:22 PM EDT, 06/18/2026 (MT Newswires) -- Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing marginally and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.4%.

The Philadelphia Housing Index was climbing 4.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.4%.

Bitcoin (BTC-USD) was declining 5% to $62,532, and the yield for 10-year US Treasuries was decreasing 2.2 basis points to 4.44%.

In corporate news, Apollo Global Management (APO) has made some concessions regarding its debt refinancing for photo company Shutterfly in a bid to entice some unwilling investors, Bloomberg reported. Apollo shares were down 0.4%.

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

More Fixed Income News

Sector Update: Financial Stocks Softer Late Afternoon BY MT Newswires |TREASURY 03:44 PM EDT
FOREX-US dollar strengthens to 13-month high on Fed rate hike expectations BY Reuters |ECONOMIC 03:04 PM EDT
TREASURIES-Yields fall as oil drops, Fed uncertainty lingers BY Reuters |ECONOMIC 02:57 PM EDT
Primary market gets boost from technology BY SourceMedia Bond Buyer |MUNICIPAL 02:44 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.

fir_news_article