Bond yields are falling and that could stunt bank profits, Jim Cramer warns

Bond yields are falling and that could stunt bank profits, Jim Cramer warns

U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday.

“Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why they’ve been coming down so hard.”

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