Banks’ treasury gains, boosted by open market operations and softening yields in the first quarter, are expected to decline significantly in the second quarter. Rising yields and the absence of OMOs will negatively impact bond investment earnings. Analysts anticipate muted gains compared to the previous quarter, potentially leading to mark-to-market losses for some institutions.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.