United StatesBank of America’s unrealized bond losses rose to $109 billion.
Fifth Third delayed a share buyback in September after rates rose.
Bond prices fall as yields rise, and the US 10-year yield posted its sharpest rise since 1994 in the third quarter.
Bank of America says the bulk of those securities are held to maturity and not for sale.
The Federal Reserve announces its rate decision on 28 October.
How each outlet framed it
- Reuters leans critical
- maps the AOCI bank losses from the Q3 10-year yield spike against the sell-or-hold choice and regulatory capital
Sources: Reuters