đ¨ 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.
đēđ¸ U.S. 10Y yield topped 5.3%
đēđ¸ KBW Bank Index is down roughly 13% from its August high
đĒđē European bank stocks are down around 7% since early September
đŦđ§ 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? đ