CoinMeta data: Global bank equities generally declined this week as the yield on 10-year U.S. Treasury bonds broke through 5.35%, reaching a new high since 2002, resulting in a decrease in the value of bonds held by banks. According to a report from the Federal Deposit Insurance Corporation (FDIC), as of the end of June, U.S. banks suffered paper losses of $326.7 billion on bonds. As yields rise, bank stocks are under pressure, especially in Europe and Singapore, where major bank indices fell 3.5% on October 7. Analysts warn that bond losses could affect some banks' stock repurchase plans.