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SoFi shares climb 6% to $18.66, Upstart jumps 8% to $31.58, and Affirm rises 7% to $78.55, as fintech names rebound after long-end Treasury yields fall.
The rebound in fintech stocks follows a sharp retreat in long-end Treasury yields, which tend to benefit consumer lenders and high-multiple growth names. The 10-year Treasury yield fell 5 basis points
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SoFi shares climb 6% to $18.66, Upstart jumps 8% to $31.58, and Affirm rises 7% to $78.55, as fintech names rebound after long-end Treasury yields fall.
The rebound in fintech stocks follows a sharp retreat in long-end Treasury yields, which tend to benefit consumer lenders and high-multiple growth names. The 10-year Treasury yield fell 5 basis points
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