TyB
>>19879345 pb
WW it is about $70t but less nao that yields have dropped from highs
It all depends on derivative exposure(s) which is only marginally broken down in the qrtly reporting
Quarterly Report on Bank Trading and Derivatives Activities
https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/index-quarterly-report-on-bank-trading-and-derivatives-activities.html
The Margin Call Moment: World Now Facing Up To $70 Trillion In Global Losses
Earlier this week we discussed why the 74 bps spike in 10Y yields would lead to an approximately $140 billion surge in unrealized debt losses on US bank books, which at the end of Q2 amounted to $5.4 trillion in total duration exposure, As a result, total cumulative unrealized bank losses would soar to a new record high of $700 billion, potentially triggering an expansion in the Fed's BTFP "temporary" bank bailout facility. But until we get a detailed account of the latest bank balance sheet carnage, a question has emerged: what about the total cumulative losses across all investors on the fixed income asset class? After all, it's not just banks that are suffering losses as a result of soaring yields, losses on an asset class which is traditionally used as "ultra safe" collateral across the global repo market, and therefore any impairment could lead to massive margin calls both in and out of the banking sector?
https://www.siliconinvestor.com/readmsg.aspx?msgid=34440933
Good morning
Add that into this device Ty for that
Mrs too bizzy to get em (I have not asked-see it)
Nice here a little cold in morning but nothing major however nice towards anoon. Probably best time of year imo
Every city in Ohio nao
planeFag CONUS Activity
SPAR65 Indo Pac G5 and likely Cmdr. Aquilino after arriving from Hickman AFB departure on 11/05
SAM362 west from JBA-this AC used as AF2 earlier this week and for kneepads weekend trip to smell-A
SoftBank…..kek
WeWork Is Bankrupt—And SoftBank’s Losses Are $14 Billion and Counting
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-11-08-2023/card/wework-is-bankrupt-and-softbank-s-losses-are-14-billion-and-counting-0qi7ppzt5txbktqSgbia
1918 WWI Armistice signed by the Allies and Germany comes into effect and World War I hostilities end at 11am, "the eleventh hour of the eleventh day of the eleventh month"
https://www.onthisday.com/events/november/11
SPAR17west from JBA
Special Priority Air Resource
Crude down almost another 3% today
Nope no demand destruction going on here
https://tradingeconomics.com/commodities
Yeah typical uneducated response
With the same ole tired rhetoric
Your loss
Moar for the smarter than you ones