Geopolitics Alpha

Overdue credit card bills aren’t just about high prices, NY Fed says

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GEOPOLITICS ALPHAOverdue credit card bills aren’tjust about high prices, NY FedsaysGEOPOLITICS ALPHA

This report is about US interest rates and banks.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond ETF-1.2% 19d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • IEF iShares 7-10 Year Treasury Bond ETF-0.1% 19d

    iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • XLF Financial Select Sector SPDR+1.0% 19d

    Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story.

  • JPM JPMorgan Chase+0.1% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • BAC Bank of America-11.4% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • WFC Wells Fargo+4.4% 30d

    Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.

  • C Citigroup-5.6% 30d

    Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.

  • DHI D.R. Horton+6.8% 30d

    D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT+1.21%+1.27%baseafter closeafter closeafter closeafter close
IEF+1.16%+0.95%baseafter closeafter closeafter closeafter close
XLF-1.84%-1.07%baseafter closeafter closeafter closeafter close
JPM-1.72%-0.42%baseafter closeafter closeafter closeafter close
BAC-1.69%-0.16%baseafter closeafter closeafter closeafter close
WFC-1.16%-0.37%baseafter closeafter closeafter closeafter close
C-4.60%-1.79%baseafter closeafter closeafter closeafter close
DHI+6.90%+5.54%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Overdue credit card bills aren’t just about high prices, NY Fed says NewsNation

Source: NewsNation

This story

CompanyWhenMoveStatus
BACthree days earlier-0.16%final price
BACfive days earlier-1.69%final price
Cthree days earlier-1.79%final price
Cfive days earlier-4.60%final price
DHIthree days earlier+5.54%final price
DHIfive days earlier+6.90%final price
IEFthree days earlier+0.95%final price
IEFfive days earlier+1.16%final price
JPMthree days earlier-0.42%final price
JPMfive days earlier-1.72%final price
TLTthree days earlier+1.27%final price
TLTfive days earlier+1.21%final price
WFCthree days earlier-0.37%final price
WFCfive days earlier-1.16%final price
XLFthree days earlier-1.07%final price
XLFfive days earlier-1.84%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Overdue credit card bills aren’t just about high prices, NY Fed says” scores 12 out of 100. The score uses 1 sources.