Shares of banks and other financial institutions rose, but not by as much as the broad market, as stresses in credit markets persisted despite a drop in Treasury yields.
Financial stocks rose but underperformed as credit stress persisted despite lower Treasury yields; private-credit funds like Blue Owl and Blackstone cut gains. Persistent credit market tension signals tightening financing conditions for corporate debt refinancing, raising costs for leveraged tech firms and early-stage operations.
Shares of banks and other financial institutions rose, but not by as much as the broad market, as stresses in credit markets persisted despite a drop in Treasury yields.
Yields fell, but the policy sensitive two-year yield remains higher for June. Managers of private-credit funds such as Blue Owl and Blackstone rose slightly but pared gains late in the session.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
June 15, 2026 17:04 ET (21:04 GMT)
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