SVB is nothing but a symptom of years of money growth and it is now time to figure out who else is swimming naked. Money growth is negative, and idiots only survive in times of excess money.
Andreas, you like many others are getting facts wrong. Once SVB moved the MBS/Bonds to HTM they could not hedge them. Read today's Mike Green piece
Steno Signals #39 – Time to figure out who’s naked
Andreas, you like many others are getting facts wrong. Once SVB moved the MBS/Bonds to HTM they could not hedge them. Read today's Mike Green piece