Bank stocks plunged worldwide as bond yields reached a 24-year high. The cumulative bond losses in the banking sector amount to $326.7 billion, reigniting fears of another crisis similar to Silicon Valley Bank. This situation occurs amid a sharp rise in interest rates, which weighs on the valuation of bond portfolios. Investors are concerned about banks’ ability to absorb these impairments in a high-rate environment.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
