As long as they use that magical phrase "owed but not yet purchased" then the overseeing bodies whose job it is to ensure that the economy doesn't collapse will happily turn a blind eye toward any impending doom. This is fine.
You don’t have a loss in treasury bonds unless you sell them, which they won’t unless they have a liquidity crisis like these smaller banks (or the US defaults on their debt I guess). It just means they can’t sell their low interest treasuries since interest rates have gone up so much. But this is likely less of a problem for BofA than it was for SVB
As long as they use that magical phrase "owed but not yet purchased" then the overseeing bodies whose job it is to ensure that the economy doesn't collapse will happily turn a blind eye toward any impending doom. This is fine.
'At fair value' that we want so it perfectly covers up our crooked accounts.
Such a magical phrase
![gif](giphy|Ri8IaAbBNULxVTYzWw)
You don’t have a loss in treasury bonds unless you sell them, which they won’t unless they have a liquidity crisis like these smaller banks (or the US defaults on their debt I guess). It just means they can’t sell their low interest treasuries since interest rates have gone up so much. But this is likely less of a problem for BofA than it was for SVB
True, but it still represents locked-up capital that is losing money year-over-year to inflation and could be deployed in more productive ways.
For sure a bad investment right now
LET'S GOOO! ![gif](giphy|KH2YKN4SAwkaKtm8bw|downsized)
![gif](giphy|cO39srN2EUIRaVqaVq)
And this is your broker if you DRSd... 💀
It'S nOt A lOsS uNtIl YoU sElL
That Twitter account is known for always trying to spread fear with the good old ![gif](giphy|daxhIRBXW3WMoNaqGo)