Sector Update: Financial

MT Newswires Live04:23

Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each decreasing 0.6%.

The Philadelphia Housing Index was falling 2.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.3%.

Bitcoin (BTC-USD) was increasing 1.2% to $77,573, and the yield for 10-year US Treasuries rose 5.8 basis points to 4.952%.

In corporate news, Barclays (BCS) is running the sale process for up to $1 billion of Exeter Finance's nonprime auto loans, Bloomberg reported. The portfolio of the Warburg Pincus-owned company attracted bids at a premium to the face value of the loans, the report said. Barclays shares were down 0.9%.

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