US Treasury’s $1 trillion borrowing drive set to put banks under strain | Today’s top gold news and opinion
Financial Times/Kate Duguid/6-6-2023
“Everyone knows the flood is coming. Yields will move higher because of this flood. Treasury bills will cheapen further. And that will put pressure on banks.” – Gennadiy Goldberg, TD Securities
USAGOLD note: Erosion in the value of bond portfolios was the key catalyst in the collapse of SVB, First Republic, Signature Bank, and most notably Credit Suisse.
