A toxic mix of private-credit panic and climbing bond yields is hammering financial stocks

A toxic brew of climbing bond yields and a broadening panic about the stability of private-credit lenders has helped push the S&P 500 financial services sector to its lowest level since May.

​A toxic brew of climbing bond yields and a broadening panic about the stability of private-credit lenders has helped push the S&P 500 financial services sector to its lowest level since May.