[V_TWIN]

“interest rate shock on the bonds they hold”

And why is that?

[bankwalker]

fed raised rates to fight inflation which was triggered by the greenies energy policies, the covid response of printing trillions, rates too low since the 2008 bailouts and QE, etc., etc., etc.

and the beat goes on ...

[Maine Mariner]

As interest rates go up say from 1.5% to 5%, bonds issued at the 1.5% rate fall in price to be competitive with the new 5% interest bearing bonds.