DPST is trading at $148.67 (+2.39%) as higher Treasury yields can support banks’ net-interest margins and financial stocks.
- The 10-year yield rose to approximately 4.73% as oil prices climbed amid stalled U.S.-Iran negotiations over the Strait of Hormuz, reviving inflation and potential Fed-hike concerns.
- The July jobs report was countervailing: payrolls fell 23,000 and annual wage growth slowed to 3.2%, reducing rate-hike expectations.
- Today’s yield rebound and financial-sector rotation appear stronger near-term drivers.