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Sector Update: Financial

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Financial stocks were decreasing in late Wednesday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.

The Philadelphia Housing Index was climbing 5.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.2%.

Bitcoin (BTC-USD) was dropping 4.8% to $59,625, and the yield for 10-year US Treasuries fell 9.3 basis points to 4.40%.

In corporate news, a Blackstone Mortgage Trust-originated (BXMT) loan on a 40-story Chicago office tower defaulted after the debt reached its maturity deadline on June 9, Bloomberg reported, citing a mortgage filing. New York-based real estate firm 601W defaulted on the $343 million loan on June 9, the filing showed, according to the report.

Blackstone Mortgage Trust shares were down 2.8%.

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