Banks Are Done: The Federal Reserve Just Sold Us All To BlackRock
Atlantis Report: 12-28-2023
US banks are grappling with a looming threat on their balance sheets, amounting to a collective risk of at least 650 billion dollars. However, rather than detonating, this financial time bomb is expected to be disarmed.
The banking sector, already shaken by five bank failures this year, is now contending with the consequences of acquiring trillions of dollars in low-yielding Treasury bonds before the onset of the Federal Reserve’s assertive interest rate hike.
As the Fed initiated rate hikes, bond prices, inversely related to yields, have sharply declined, causing the value of these holdings to plunge. In the ever-evolving landscape of global finance, recent developments suggest a seismic shift in the dynamics of the banking industry.
The Federal Reserve’s actions, coupled with market responses and the strategic moves of financial giants like BlackRock and Blackstone, paint a narrative of uncertainty, challenges, and potential transformation.
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