$Bank of America(BAC)$ This is

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$Bank of America(BAC)$ This is insolvent I believe at these interest rates as all of the hundreds of billions they bought when interest rates were much lower are under water. Now the fed cannot cut rates for many months! Rising 10 year treasury yield means all of BAC bonds decrease in value. It’s only a loss on paper but could translate into an actual loss of there was a proverbial run on the bank and BAC had to sell those bonds at a loss to cover mass withdrawals. No reason in the world this should be over 30.

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dimzy
·04-17
Gotta watch this one closely, no joke!
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