Cyprus records EU’s largest quarterly drop in government debt-to-GDP ratio — Cyprus Mail

Directly affected

• No company is named in this report.

Indirectly affected

• TLT iShares 20+ Year Treasury Bond

  Long-term bonds move when yields change

• IEF iShares 7-10 Year Treasury Bond

  Treasury bonds move when yields change

• SHY iShares 1-3 Year Treasury Bond

  Short-term bonds move when the Fed changes rates

• SPY SPDR S&P 500

  Stocks move when the Fed changes the rate path

• JPM JPMorgan Chase

  Bank profits move with lending and interest rates

• BAC Bank of America

  Bank profits move with lending and interest rates

• GS Goldman Sachs

  Bank profits move with lending and interest rates

• XLF Financial Select Sector SPDR

  A fund of financial companies

• KRE SPDR S&P Regional Banking

  Regional banks are sensitive to interest rates

Price reaction, T-5 to T+3