Sector Update: Financial

03:29 PM EDT, 08/31/2026 (MT Newswires) -- Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding 0.6%. The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) decreased 0.6%. Bitcoin (BTC-USD) was increasing 1.8% to $79,059, and the yield for 10-year US Treasuries rose 3.8 basis points to 4.758%. In corporate news, UBS (UBS) can meet 50% of its new capital requirements with debt, Bloomberg reported Monday, citing a recommendation from the upper house of the Swiss parliament's Economic Affairs and Taxation Committee. Specifically, the panel recommended that UBS be allowed to meet half of the new requirements with convertible AT1 debt rather than the highest-quality equity, according to the news outlet. UBS shares were up 1.7%.