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[$$] Banks Brace for the Downside of Higher Rates
Banks have enjoyed a profit boost from rising interest rates over the past couple of years. The yield on the benchmark 10-year Treasury note, which is tied to commonly used mortgage rates and many other borrowing costs, recently hit a fresh seven-year high. The Federal Reserve has lifted its key policy rate three times this year, with one more increase expected in 2018.
https://finance.yahoo.com/m/761c736...b023e/[$$]-banks-brace-for-the.html?.tsrc=rss
Banks have enjoyed a profit boost from rising interest rates over the past couple of years. The yield on the benchmark 10-year Treasury note, which is tied to commonly used mortgage rates and many other borrowing costs, recently hit a fresh seven-year high. The Federal Reserve has lifted its key policy rate three times this year, with one more increase expected in 2018.
https://finance.yahoo.com/m/761c736...b023e/[$$]-banks-brace-for-the.html?.tsrc=rss
