Direxion Daily Regional Banks Bull 3X Shares is trading 5% up today as investors continue to reprice higher-for-longer interest rates following a strong May jobs report.
- Higher expected interest rates are anticipated to support net interest margins for regional banks, driving gains for the sector and its leveraged ETFs.
- The upward move follows a broader U.S. equity rebound as geopolitical tensions ease and rate-sensitive financial sectors rotate back into favor.