Traders assign a 100% implied probability to no U.S. bank failure by May 31, reflecting the absence of any FDIC resolutions or systemic stress signals through the period. The sector has shown resilience amid steady Fed funds rate stability near recent levels, contained inflation readings, and healthy capital ratios at major institutions that have prevented the kind of liquidity or credit deterioration seen in prior cycles. Small-bank vulnerabilities tied to commercial real estate remain contained without triggering broader contagion. While isolated credit events could theoretically emerge in a sharp downturn, current labor market data, Treasury yield curves, and regulatory oversight have kept resolution odds firmly at zero, consistent with the low historical base rate for failures in non-recessionary environments.