Wall Street's Paper Bond Losses Rear Head Again as Yields Rise.

Currently for the biggest US banks, none of the unrealized losses impact profit, but the ones in the AFS books do hit common equity. The recent surge in yields - which abated somewhat this week - has renewed investor focus on unrealized losses, a key issue during the turmoil that struck regional banks from March. (Bloomberg) -- After investment losses tore through the US financial system this year, a fresh slump in bank stocks shows some investors fear the problem - which at its most extreme claimed a handful of lenders - hasn't gone away. [Extracted from the article]