⚠️US BANKS UNREALIZED LOSSES HIT $512.9 BILLION IN Q2 2024⚠️

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Q2 marks the 11th STRAIGHT quarter of unrealized losses on investment securities for banks, a streak never seen before.

The number of banks on the FDIC Problem Bank List increased to 66 and represents 1.5% of total.

https://x.com/GlobalMktObserv/status/1833875647308894395

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Discussion

is this just failure to hedge interest rate risk?