2min snip

Forward Guidance cover image

Chris Whalen on Big Bank Earnings and the Return of Credit Risk

Forward Guidance

NOTE

The Spread Between the 10-Year Treasury and Mortgage Rates

The spread between what banks make on their loans and what they pay for deposits was very low during 2020 and 2021. But now, because of quantitative easing, the spread has actually widened. Lenders are going to come a pretty good month because the 10-year treasury is followed by an MBS. That's how the Fed essentially makes the economy create fewer jobs.

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