Bank Of America Corp (NYSE: BAC) shares are trading lower Wednesday, adding to losses of more than 6% over the last week. Here's a look at what's going on.
What To Know: Bank of America shares have come under pressure in recent trading sessions alongside the broader market as Treasury yields continue to climb. Investors are grappling with the possibility that interest rates will remain higher for longer and are trying to decide how to position their portfolios.
Rising treasury yields is usually bad news for stocks because higher yielding bonds make equities look less attractive. Higher yields ...