Larry McDonald/The Bear Traps Report
The markets guru highlighted risks tied to mortgage-backed securities, which are on track for a third annual decline. Apple's long-term bonds have lost 40% of their value since late 2020 thanks to the Federal Reserve's interest-rate increases - and that's highlighting the mounting risks for banks from their debt holdings, according to Larry McDonald.has slumped to about $61.80 from $100.59 at the end of 2020. The bulk of the declines came since early 2022, when the US central bank started raising rates to quell inflation.
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