Banks’ unrealised losses have fallen to roughly half their 2022/23 lows, according to WSJ’s Mike Bird. He says higher rates now have a diminishing impact on asset prices: the jump from 1% to 4% mattered far more than a move from 4% to 7%.
published
Banks’ unrealised losses have fallen to roughly half their 2022/23 lows, according to WSJ’s Mike Bird. He says higher rates now have a diminishing impact on asset prices: the jump from 1% to 4% mattered far more than a move from 4% to 7%.
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