[V_TWIN]

Thanks for posting that.

“Unrealised gains of $39 billion across banks’ AFS portfolios at the end of 2020 swung to unrealised losses of $31 billion by the end of 2021.”

Now let’s see....what major event did the country see in that time frame 🤔 ......oh yeah, NOW I remember

[bankwalker]

interest rate shock on the bonds they hold ...