from King World News
As we kickoff another week of trading in what has been a wild 2021, a great danger is threatening the stability of the global financial system. For each one percent rise this will cause a staggering $3 trillion in mark-to-market losses.
Staggering Mark-To-Market Losses May Unfold
February 16 (King World News) – Peter Boockvar: As long term interest rates continue higher globally amid mass inoculation optimism, rising inflationary pressures and commodity prices and higher inflation expectations, because of the massive amount of debt outstanding and record high duration levels, the impact can be quantified. Bloomberg recently estimated that on a pile of $35 Trillion of bonds in the Bloomberg Barclays Global Aggregate Treasury Index, for each one percentage point increase in yields, there would be a $3 Trillion mark to market loss of value…