๐จ Global bank stocks are feeling the pressure.
Banks across the U.S. and Europe are sliding as long-term government bond yields climb to multi-decade highs.
๐บ๐ธ U.S. 10Y yield topped 5.3%
๐บ๐ธ KBW Bank Index is down roughly 13% from its August high
๐ช๐บ European bank stocks are down around 7% since early September
๐ฌ๐ง UK 30Y yield briefly hit 6%
Higher rates can be good for banks.
But too high for too long is a different story.
The real question now:
How long can the global financial system handle rates this high? ๐
Banks across the U.S. and Europe are sliding as long-term government bond yields climb to multi-decade highs.
๐บ๐ธ U.S. 10Y yield topped 5.3%
๐บ๐ธ KBW Bank Index is down roughly 13% from its August high
๐ช๐บ European bank stocks are down around 7% since early September
๐ฌ๐ง UK 30Y yield briefly hit 6%
Higher rates can be good for banks.
But too high for too long is a different story.
The real question now:
How long can the global financial system handle rates this high? ๐