Report
Bank of America's bond losses widened to over $100 billion in the third quarter as rates rose
Barron's says the bank bought hundreds of billions worth of long-duration bonds during Covid, when yields were at historic lows.
TLDR
Barron's reports that Bank of America's bond losses widened to over $100 billion in the third quarter as rates rose. It says the bank bought hundreds of billions worth of long-duration bonds during the Covid era, when yields were at historic lows.
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