Flash crash trwa
/ 77.254.101.* / 2013-09-03 16:37
the impact of the ongoing rates blow out on banks' "available for securities" books, we found the biggest monthly drop in unrealized gains, which dropped by $24 billion in the one month in which interest rates surged by 100 bps. Nonetheless, the cumulative net unrealized number was still positive at $6 billion (down from over $43 billion). A cursory look at the most recent H8 statement shows that as a result of the recent secondary blow out in rates which threatened to take the 10 Year to 3%, the damage has continued, and as of August 21 the formerly net profit has turned into a net loss of ($16) billion. The is the most negative the AFS number for the commercial banks operating in the US, has been since late 2009.