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XBIT
@XBITDEX
Trade anything, fully on-chain.
Joined February 2025
49 Following    40.9K Followers
🚨 Global bank stocks are feeling the pressure. Banks across the U.S. and Europe are sliding as long-term government bond yields climb to multi-decade highs. đŸ‡ē🇸 U.S. 10Y yield topped 5.3% đŸ‡ē🇸 KBW Bank Index is down roughly 13% from its August high đŸ‡ĒđŸ‡ē European bank stocks are down around 7% since early September đŸ‡Ŧ🇧 UK 30Y yield briefly hit 6% Higher rates can be good for banks. But too high for too long is a different story. The real question now: How long can the global financial system handle rates this high? 👀
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