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.

Another ASX dividend share for investors to consider is banking giant, CBA.
The team at Bell Potter believe Australia’s largest bank could be a quality option for income investors. It currently has a buy rating and $108.00 price target on the bank’s shares.
The broker is positive on $CommBank(CBA.AU)$ due to its strategic strengths of scale, brand, and diversification, which are supported by an irreplaceable infrastructure comprising over 1,100 branches, 3,800 Australia Post agencies, and nearl...

As companies continue to exit business deals with Russia, Amcor (ASX:AMC) fell 0.7 per cent to $15.40. Bluescope (ASX:BSL) rose 3.5 per cent to $20.68 and Alumina (ASX:AWC) lifted 0.3 per cent to $2.00 following the federal government's ban on aluminium on Sunday night.
Major banks finished higher, led by Macquarie (ASX:MQG), up 1.3 per cent to $197.58. National Australia Bank (ASX:NAB) rose 1.1 per cent to $31.23, $CommBank(CBA.AU)$ adde...

The Westpac share price has dropped nearly 4% in the last year but has surged nearly 11% year to date.
For perspective, the $S&P/ASX 200(.XJO.AU)$ has returned almost 9% over the past year.
The company has a market capitalisation of about $82.6 billion. $Westpac Banking Corp(WBC.AU)$

The global tech wreck, along with a collapse in buy-now-pay-later stocks locally, has seen $Zip(Z1P.AU)$ shares fall towards post-pandemic lows with the stock down roughly 80% in the past year. While the company faces headwinds from higher interest rates and potentially weaker profits from increasing bad debts, the technicals point to a looming bounce for the stock. Although in a primary downtrend, the weekly RSI is heavily oversold, and the signal line is suggesting slowing downside momentum. ...

The Zip share price has just hit another 52-week low
It is currently down 6%, though it’s down 66% in 2022 so far
Zip recently reported its HY22 result and also is trying to buy Sezzle
The Zip Co Ltd $ZipRecruiter(ZIP.US)$ $Zip(Z1P.AU)$ share price is currently down 6% . This means the buy now, pay later (BNPL) player has hit another 52-week low.
Zip has seen its shares decline by 66% since the start of 2022. It has fallen more than 80% over the past y...

Australia and New Zealand Banking Group’s share price has fallen over 3% year-to-date (YTD). In the past one year, the stock has fallen nearly 5%. The stock is down nearly 3% in the past month.
The bank announced an 8 bps fall in the group NIM for the quarter in the three months to 31 December 2022. The underlying NIM was down 5 bps. $ANZ Group Holdings Ltd(ANZ.AU)$

Westpac Banking Corporation’s share price has risen nearly 9% year-to-date (YTD). In the past one year, the stock has fallen over 4%, while it is up over 2% in the past month.
Westpac reported an unaudited statutory net profit of AU$1.82 billion in the first quarter of FY22. It was an 80% rise on the quarterly average of 2H21. $Westpac Banking Corp(WBC.AU)$

The share price of Commonwealth Bank of Australia has risen over 0.5% year-to-date (YTD). In the past one year, the stock has risen over 19%. The stock is up over 3.5% in the past month.
$CommBank(CBA.AU)$ reported over 20% rise in first-half profit. The Australian bank also announced its plans of a AU$2 billion buyback in its financial results for the year ending 31 December 2021.

As cases jump elsewhere, half of China’s GDP and population will be impacted by the latest outbreak, according to economists at Australia & New Zealand Banking Group Ltd. Bloomberg Economics said in a recent note that as of March 9, 14 provinces had high or medium-risk regions, accounting for 54.4% of national GDP.
“More cities may follow the practice of Shenzhen,” said Raymond Yeung, chief economist for Greater China at $ANZ Group Holdings Ltd(ANZ.AU)$ , in a no...