Surging long-term Treasury yields are reshaping bank performance, rewarding stable deposits and short-duration assets while pressuring fixed-rate and fragile funding models.

The U.S. Treasury has doubled its planned buybacks of longer-dated government debt to at least $4 billion per operation, easing pressure on long-term bond yields but raising…

Surging long-term Treasury yields are reshaping bank performance, rewarding stable deposits and short-duration assets while pressuring fixed-rate and fragile funding models.