US 10-year yields are now down 14 basis points on the day to 3.82% and the US dollar is slumping.I wrote about this earlier but the moves have extended and it's seeping into FX with the dollar at the lows of the day.The market is increasingly worried about US regional banks and losses tied to commercial real estate, especially office buildings. It's a problem that's been lurking in the shadows because of the long timelines on office leases but banks may be taking more writedowns this quarter and we've already seen one cut its dividend.The KRE regional banking index is down 5.5% today and 9% in the past two days.Ironically, yesterday the FOMC removed the line in the statement that said: "The
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