Banking crisis isn't just US regional banks. Europe's banking system might be in worse shape.

Eurodollar University · May 9, 2023 · 18m

Bad steepening in global curves from Treasuries to German bunds even French Obligations assimilables du Trésor (OATs). Regional banks have gotten all the attention though European banks have been experiencing serious deposit (therefore wholesale) trouble for longer. And maybe worse, too.

Eurodollar University's Money & Macro Analysis

ECB M3 Press Release

https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2303~5a86c581c4.en.html

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