SVC bank collapse contagion - caused by Fed hikes tip of iceberg

sgbuffett

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11-03-2023, 03:17 AM

Fed rate hikes caused bond yields to go up and bond prices to sink.

SVC and Silvergate were forced to sell bonds at a loss resulting in collapse. This is believed now to be a widespread problem in US banking sector

Also, mortgage back securities have collapsed due to Fed rate hikes

https://www.businessinsider.com/svb-silv...pse-2023-3

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.

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ysh02

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11-03-2023, 05:25 AM

Dow dropped 345 points.. .. not as fierce as we think lah...See Mon STI reaction on Bank stocks.

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