Project Syndicate: ‘Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent,’ Roubini says

“ Duration risk hammered Silicon Valley Bank and seems to have been lost on many bankers, fixed-income investors and bank regulators. ” In January 2022, when yields on U.S. 10-year Treasury bonds TMUBMUSD10Y, were still roughly 1% and those on German Bunds were -0.5%, I warned that inflation would…

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