Banking worries are back and bonds are bid ...Middle East

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Banking worries are back and bonds are bid
It was around this time last year that US banking worries began to percolate. That ultimately catalyzed into something of a crisis in March as several banks were wiped out including Silicon Valley Bank, First Republic Bank, Silvergate Bank and Signature Bank. Others teetered as well and remain badly damaged.The problem is that the Treasuries they hold are now worth much less than what they paid for them. That's fine if they hold the bonds to maturity but if they're forced to raise capital, then they have to take the losses and that sets off a spiral.The Fed rolled out a program to help them but now they're pushing banks to use the discount window instead.At the same time, banks have consider

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