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Financial Times — Markets — Companies — Banking — Robert Armstrong — Unhedged

Will another bank fall?

Markets experience a wild day on bank stocks and interest rates. Fear and speculation rise that another bank will follow Silicon Valley and Signature into the arms of the FDIC.

1 min read
  • KBW bank index down 11%, 10 banks lost 20%+.
  • Fear & speculation that another bank will follow Silicon Valley and Signature into FDIC's arms.
  • Critical financials for 5 US banks with worst stock market performance since last Wednesday.
  • Futures market expectations for peak fed funds rate fell from 5.3% to 4.8%.
  • Risk of stubborn inflation for longer has risen, so risk premium needs to be priced into long yields.
Will another bank fall?
And have rates gone mad?
Financial TimesRobert Armstrong

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