U.S. banks face $326.7 billion in unrealized losses

BREAKING: U.S. banks are currently sitting on approximately $326.7 billion in unrealized losses.
Those losses have increased for two consecutive quarters, keeping balance-sheet sensitivity to interest rates firmly in focus.
Unrealized securities losses do not automatically translate into realized losses, but they can become important when institutions need liquidity or are forced to sell assets.
With yields remaining elevated, duration risk across the banking system remains an important macro vulnerability.