Barclays’ Shocking Verdict: Only A Stock Market Crash Will Stop The Bond Bloodbath

Escalator Up, Elevator Down… that has been the trajectory of bond prices for the last decade and the elevator ride is starting to accelerate as gravity takes hold, leaving bank balance sheet carnage in its wake.

Bank stocks are near post-SVB lows as reality sets in on the $108BN hole (and growing) in their balance sheets that they are currently filling with emergency Fed Funds (BTFP)…