America’s major banks are sitting on $650 BILLION of unrealized losses thanks to crashing bond market which also took down beleaguered Silicon Valley Bank

America’s major banks are sitting on $650 BILLION of unrealized losses thanks to crashing bond market which also took down beleaguered Silicon Valley Bank | Daily Mail Online

“A US bond market collapse has lumbered some of America’s largest and most prestigious banks with $650 billion in unrealized losses, analysts have predicted. As interest rates have climbed thanks to aggressive hikes by the Federal Reserve, the value of Treasury-issued bonds – owned in large quantities by many banks – has fallen. Typically, Treasury bonds have been considered a safe place to invest customer deposits, but high interest rates available elsewhere and the availability of new bonds with higher yields has made older bonds less appealing to investors and therefore less valuable.”