It’s hard to hedge such risk due to the challenge of finding a counterparty to offset the risk at such volume.
banks hold bonds of various durations
the driver for me is the parabolic rise in interest rates which has caused all sorts of grief.
I read today that US accounting standards don’t require these losses to be brought to account in the P&L where they’d be held to maturity. That’s somewhat sound unless depositors want their money immediately.
STO Well positioned, page-167
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Last
$7.99 |
Change
0.160(2.04%) |
Mkt cap ! $25.94B | |||
| Open | High | Low | Value | Volume |
| $7.86 | $7.99 | $7.84 | $46.97M | 5.897M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7542 | $7.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.00 | 69021 | 29 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |