Bond rout puts pressure on UST holdings at US banks
Banks leaned heavily on mark-to-market Treasuries before April’s sell-off
US banks held a record $2.27 trillion in US Treasuries at the end of 2024, exposing them to mounting losses as bond prices fell in the wake of US President Donald Trump’s tariffs announcement on April 2.
Risk Quantum analysis of the latest publicly available disclosures from the top 50 US banks shows the total includes $1.02 trillion in available-for-sale (AFS) securities, $507 billion held-to-maturity (HTM) and $731.7 billion in the trading book. The stockpile has drawn renewed scrutiny after
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