2min snip

Forward Guidance cover image

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

Forward Guidance

NOTE

The Fed's Hitting Cycle Is Over

As interest rates have fallen and moresbacks have rallied, bonds have rallied because there's a bid for safety. What banks own actually has increased to value. All these negative equity in the market in solvents positions are actually looking a lot better. But again, if the 10-year trades off, if we go back to a 4% yield, we're right back in the same problem.

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