US banks have $620B of unrealized losses on their books
Of note: those losses are actually coming down as we speak.<p>With the Fed now expected by the bond market to pause rate hikes and start cutting rates soon, long term bond yields (as well as shorter term ones) have been coming down, increasing the value of those holdings.<p>You may have noticed this decline if you were shopping for CDs over the last few weeks. On brokerage platforms, top rates for 1 year CDs have gone down from a high of around 5.4% to 5% now.