btccyberhornet on Nostr: Recap: Silicon Valley Bank had lot of long dated bonds yielding 1.5-2 percent, as ...
Recap: Silicon Valley Bank had lot of long dated bonds yielding 1.5-2 percent, as interest rate rose depositors started taking money out and started putting in money market funds etc which forced SVB to sell long dated bonds at a loss which were trading at 20 percent or so less again due to rate hikes, as this was happening short sellers came in to short the stock and this caused a run on the bank and then FDIC and Fed took over the bank.
Published at
2023-03-17 13:54:22Event JSON
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"content": "Recap: Silicon Valley Bank had lot of long dated bonds yielding 1.5-2 percent, as interest rate rose depositors started taking money out and started putting in money market funds etc which forced SVB to sell long dated bonds at a loss which were trading at 20 percent or so less again due to rate hikes, as this was happening short sellers came in to short the stock and this caused a run on the bank and then FDIC and Fed took over the bank. ",
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