European banks turn up as US 30 year treasury bonds fall

14 сент. 2017 г.Banks do better in a high interest rate environment. The US central bank is going to be reducing its balance sheet by selling US bonds. As the yield curve steepens, interest rates rise. If reflation holds (DXY falls, interests rates rise AND it doesn't crash the market), banks could do very well. Watch for upward resistance here. The european banks are up today. To see the intraday STOXX 600 banking prices, go to STOXXdotcom and search sx7p. See the links to the relevant etfs for trading options.
I am only short USB10yUSD via TWO right now. Note the chart shows 1/USB30yUSD, the inverse of the bond price (yield is also inverse to the bond price).