Financial stocks traded broadly lower Tuesday, as longer-term Treasury yields continued to fall amid growing concerns that a recession was on the horizon. Lower longer-term yields can weigh on banking profits, as they narrow the spread between what banks earn on longer-term assets, such as loans, that are funded by shorter-term liabilities. The SPDR Financial Select Sector ETF /zigman2/quotes/209660484/composite XLF -1.99% slid 1.5% in afternoon trading, with 56 of 66 equity components losing ground, to outpace the S&P 500's /zigman2/quotes/210599714/realtime SPX -1.29% 0.9% decline. Among the ETF's more-active components, shares of Bank of America Corp. /zigman2/quotes/200894270/composite BAC -2.21% declined 2.4%, Citigroup Inc. /zigman2/quotes/207741460/composite C -1.76% shed 1.7%, Wells Fargo & Co. /zigman2/quotes/203790192/composite WFC -1.71% dropped 0.9% and JPMorgan Chase & Co. /zigman2/quotes/205971034/composite JPM -2.47% gave up 1.5%. The most-active of the gainers was Synchrony Financial's stock /zigman2/quotes/203661733/composite SYF -3.00% , which gained 0.6%. Meanwhile, the yield on the 10-year Treasury note /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y +3.23% fell 8.7 basis points (0.087 percentage points) to 2.802%, and have lost 40.4 basis points amid a four-day losing streak. The yield briefly fell below the 2-year Treasury yield /zigman2/quotes/211347045/realtime BX:TMUBMUSD02Y +0.17% , something known as a yield-curve inversion, which often foretells an economic recession.