Banks have successfully fooled depositors into accepting 0.4% interest on savings while the bank makes +5% on treasuries
The biggest risk for banks is the consumer figuring out they can move their money out of banks and buy treasuries or money market funds themselves
Good Morning Everyone! The typical U.S homebuyer is feeling the pinch with a 20% surge in monthly payment from last year. High mortgage rates are keeping sellers at bay, causing a staggering 19% decline in available homes – the largest in 1.5 years.
And there's more pain! The