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'Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent,' Roubini says

Por: MarketWatch Politics March 31, 2023

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This basic principle — known as “” — seems to have been lost on many bankers, fixed-income investors, and bank regulators. As rising inflation in 2022 led to higher bond yields, 10-year Treasurys lost  (-20%) than the   (-15%), and anyone with long-duration fixed-income assets denominated in U.S. dollars or euros was left holding the bag. The consequences for these investors have been severe. By the end of 2022, U.S. banks’... + full article



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