CACC - Financial stocks climb the most in a month as Treasury yields rise

One of the strongest sectors in midday trading, financials gain as Treasury yields push up and the yield curve steepens.SPDR S&P Regional Banking ETF (KRE) climbs 2.9% and SPDR S&P Bank ETF (KBE) gains 2.7%, their strongest showing in almost a month. Among other financial ETFs on the rise: ([[XLF]] +2.0%), ([[VFH]] +2.0%), ([[BTO]] +3.1%).Bank of America ([[BAC]] +3.3%) makes the biggest move among the megabanks and CIT Group ([[CIT]] +4.2%) gains the most of the larger regional banks.With reports that the EU and U.K. are verging on a post-Brexit trade deal, European banks drive up even more, with U.K.-based banks gaining the most — Lloyds Banking ([[LYG]] +8.6%), Barclays ([[BCS]] +6.2%). Other Europe-based banks: Credit Suisse ([[CS]] +5.3%), Banco Santander ([[SAN]] +4.3%), ING ([[ING]] +4.4%).And consumer finance names are advancing as President Trump and Democrats push for bigger stimulus payments for individuals. Alliance Data Systems (ADS) jumps 5.4%, its biggest gain in

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Financial stocks climb the most in a month as Treasury yields rise