Balaji
over 2 years ago
It's not just SVB which had high duration risk. The entire banking sector has ~$620B in unrealized losses because they bought billions in 10-year bonds at low rates in 2021 before surprise hikes in 2022. t.co/LmCjkf7YBb t.co/CWRYMgVFEi t.co/0yocyLYaxm
Some cites, including FDIC's raw data for the $620B number. You can see that duration risk isn't unique to SVB. Many banks bought long-term bonds at low rates in 2021. [1]: t.co/cZ8w1o2mHq [2]: t.co/DKa6G89p6x [3]: t.co/VFTvftMUdi… t.co/GcYO0VF7WT t.co/eCYbsqaQFv
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