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Bank of America Reassures Investors About $99 Billion of Unrealized Bond Losses

Por: MarketWatch Business April 19, 2023

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The losses totaled $99 billion, narrower than the nearly $109 billion on Dec. 31, reflecting a rally in the bond market during the first quarter. The portfolio, with a cost basis of $624 billion, consists largely of agency mortgage securities. Investors have been focused on large paper losses on bank bond portfolios in the wake of in March. BofA has by far the largest paper losses among U.S. banks on its bond portfolio. Rival (JPM) had $31... + full article



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