The Covid-19 pandemic is driving bond yields to record lows. Meanwhile, the exposure of large US banks to falling rates has been amplified by regulatory changes and ballooning securities portfolios.
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The Covid-19 pandemic is driving bond yields to record lows. Meanwhile, the exposure of large US banks to falling rates has been amplified by regulatory changes and ballooning securities portfolios.
Continue reading..Since adopting Basel III reporting standards three years ago, the biggest US banks have started reducing risk weights while increasing lending. Is this a reflection of a healthy US economy or European-style gaming of internal models?
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Rampant gigantism in the stock market took a blow ...
To keep banks operating smoothly during the pandem...
In 2020, junk bondholders have to choose between p...
Outstanding corporate bonds grew by $500 billion b...