XLF Financials and UST2Y 2-Year Treasury Note Yield Weekly Charts Moving in Sync

It is interesting to watch the banks moving higher in sync with the rise in 2-year yields. Market participants are touting higher yields and a steeper yield curve going forward (although the yield curve continues to hint at flattening) sending the banks higher. Both are extended above their moving averages so there is an expectation that the banks and the 2-year yield will retreat over the next few weeks (mean reversion). This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.