Bank of America locked into $500B in low-yield Treasuries—and doubling down.

How is Bank of America feeling rn sitting on $500 billion or so of low yield Treasury bonds?

That’s the rumored number. This article is dated but they have the most exposure of the big banks to this rise in rates.

Their deposits are up too to be fair. But still. Painful

How is Bank of America feeling rn sitting on $500 billion or so of low yield Treasury bonds?

That’s the rumored number. This article is dated but they have the most exposure of the big banks to this rise in rates.

Their deposits are up too to be fair. But still. Painful pic.twitter.com/IeA6t3F6Mp

— QE Infinity (@StealthQE4) November 14, 2024

Many Banks have been re-acquiring 🟢Treasuries and 🟠MBS Securities over the last several months in anticipation of rates coming down

To the extent they are not, this will become a further issue

YoY Commercial Bank Securities in Credit by Type 👇 pic.twitter.com/VbzDNztLaE

— Monetary McFly 🪰 (@Monetaryguy589) October 28, 2024