Following a sell-off in US government bonds, Australian trea...

Following a sell-off in US government bonds, Australian treasuries are surging with the 10-year up 12 basis points to 2.69 per cent. Financial stocks are poised to benefit from rising yields as the central bank looks to combat inflation through hiking interest rates.
$CommBank(CBA.AU)$ are leading the major banks up 1.2 per cent with $Westpac Banking Corp(WBC.AU)$ adding the least by 0.9 per cent.