US Treasury’s $1 trillion borrowing drive set to put banks under strain

Financial Times/Kate Duguid/6-6-2023

illustration of banks falling out of the system as failures“Everyone knows the flood is coming. Yields will move higher because of this flood. Treasury bills will cheapen further. And that will put pressure on banks.” – Gennadiy Goldberg, TD Securities

USAGOLD note: Erosion in the value of bond portfolios was the key catalyst in the collapse of SVB, First Republic, Signature Bank, and most notably Credit Suisse.


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