I talked about tracking rates on the T NOTE, but the people who benefit the most off of higher rates, are the banks. The banks, need the spread in the rates to make money, as they pay one person less than they charge the other.
Here is a Bank of America chart that shows them going up with the rates. Sometimes them moving can signal the direction that the big money thinks things will move.
With the huge reversal candle 2 days ago, it might seem that rates are in for a pull back. We will have to see if the trading of banks to rates stays paired.