It’s About Time: Regional Bank ETF is Breaking Out
June 08, 2015 at 11:30 AM EDT
After what feels like an eternity (it really wasn’t), the SPDR S&P Regional Banking ETF (NYSEArca: KRE), the largest regional bank ETF, is breaking out. Proving how important higher interest rates are to regional banks, 10-year Treasury yields jumped 4.1% to 2.4% last Friday, aiding an almost...
