Direxion Daily Regional Banks Bull 3X Shares is trading at $118.75 (+3.01%) as regional banks catch a bid from a broader investor rotation out of technology and into value and cyclical sectors.

  • Stabilizing Treasury yields are easing pressure on bank valuations, creating a more favorable environment for the sector.
  • The move follows a strong rally in the prior session, supported by a more favorable interest rate backdrop for regional lenders.