We are digging into all of the data behind this new report.
The unrealized losses seem to go well beyond just bond markets.
Let us know if you'd like to see a Twitter thread explaining this situation in full detail.
Follow us @KobeissiLetter for more as this develops.
— The Kobeissi Letter (@KobeissiLetter) June 30, 2023
Bank reserves drop by $70B due to liquidity drain.
Bank reserves dropping by another $70B as liquidity continues to drain. pic.twitter.com/H97opgtASo
— Sven Henrich (@NorthmanTrader) June 29, 2023