TD's Goldberg Says 2Y Treasury Yields at 5% a 'Pain Trade' for Banks

The transcript discusses the current state of banking pressures and yield trends, highlighting the two-year yield at 5% and its implications for banks. It also explores the impact of interest rates on the economy, questioning how high rates can go before they become self-limiting and affect economic stability. The discussion emphasizes the importance of understanding these financial dynamics as we head into the fall.

What are the implications of a two-year yield at 5% for banks?

How do banking pressures relate to unrealized losses and interest rates?

What factors could lead to a new round of pressure on banks as we head into the fall?

In what ways might real interest rates impact the economy?

What is the significance of the statement regarding the markets ignoring interest rate pass-through?