Treasury Yield Curve Has Flattened In Last 30 Days, So Have Bank Stocks

Posted on April 21, 2012


The stock prices of JP Morgan, Bank of America, Citigroup Inc, and Wells Fargo have fallen along with the flattening yield curve in the last 30 days or so.

Treasury Yield Curve from Yesterday, 30 & 90 days ago

Source: The Mays Report

The stock prices of the two banks perceived the weakest, Citigroup & Bank of America, have fallen the most while the decline of JPM Morgan Chase and Wells Fargo has been modest.

Bank Stocks Percentage Price Change 3-21 to 4-20-2012

Source: Google Finance

Causation or coincidence?

 

The author of this post holds no positions in the stocks of JP Morgan, Bank of America, Citigroup Inc, or Wells Fargo.

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