can be a short term trade down to 2.60%
The reason for the 10yr yield going higher was the jobs report. Any indication that the job market is improving will cause a rally in financials. That's because a better economy means more loan demand, more business for banks.
I think the raising of the rates widens the interest gap thus increasing margins for regional banks.
NYCB has making loaning all along
And fwiw, NYCB rallied all the way through a decline in 10yr yields in July through Sept.