Bonds have never seen so much blood in the past 236 years. pic.twitter.com/xvoI3g1Lxp
— Wealthion (@wealthion) October 9, 2023
The Bank of America has $110 billion in paper losses on debt securities.
$110 billion.
Everything is fine.
— Gold Telegraph ⚡ (@GoldTelegraph_) October 9, 2023
Banks were exposed to an estimated $558.4 billion of unrealized losses in the second quarter on underwater securities, up 8.4% from the quarter before, according to the Federal Deposit Insurance Corp.
— unusual_whales (@unusual_whales) October 9, 2023
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