With the 10-year Treasury yield correcting over 16% since its highs for the year set in March, bank stocks like JPMorgan Chase & Co. (NYSE:JPM) followed suit by correcting 12% before bouncing to the current levels. JPM is currently down 7% from its highs set in February, thanks to a bounce leading up to the June Fed hike.
With the Fed engaging in a tightening of monetary policy, economic theory states that yields should rise as a result. However, today we're seeing the opposite occur. One of the reasons yields, namely the 10-year yield, are not responding to the Fed hikes is waning optimism about economic growth. If you follow my articles on Seeking Alpha, you know that recent articles of mine have focused on how economic growth and expectations of growth (both higher of lower) have pushed the 10-year yield lower.
With the June Fed hike behind us and with the Fed signaling that the balance sheet unwind should begin by the end of the year, Treasury yields will likely adjust over time to the Fed's actions. However, the strength of the economy or lack of strength is also driving yields. Bank stocks like Bank of America (NYSE:BAC) and bank ETFs like the Financial Select Sector SPDR (NYSEARCA:XLF) are likely to be driven by the movements in yields.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Obama AND Romney or Obama + Romney.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used.) For example, search for democrat OR republican to find results that refer to
Democrats and/or Republicans.
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".