The Pigs (banks) obviously get a boost when long-term interest rates rise relative to short-term interest rates. In other words, they like inflation-instigated reflation with a steepening yield curve.
But I am creeping out the door of the reflation trades incrementally. This increment sees a 12%+ profit (for a few days of holding) booked on the Regional Banks as KRE gets pumped to near the down trending SMA 200. A pig in hand is better than 3 little down trending pigs in the bush.