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A comment on Ask HN: How is the SVB situation affecting your startup?. Parent comment

Re:Ask HN: How is the SVB situation affecting your startup? by lokar on Friday March 10, 2023 @10:01AM (#35095123)
Interest rates went up. That would be fine if they could hold the bonds until maturity, but to honor withdrawals now they are forced to sell at a loss.
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Re:Ask HN: How is the SVB situation affecting your startup? by lolinder on Friday March 10, 2023 @10:03AM (#35095152)
Right! Okay, that makes sense. So the failure on the assets end of the balance sheet was relying on bonds that were purchased at times of historically low interest.
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Re:Ask HN: How is the SVB situation affecting your startup? by lokar on Friday March 10, 2023 @02:50PM (#35099906)
Also, in more normal time they could have put more deposits into shorter term debt that would not have had this problem. But rates were so low that would have been very unattractive.
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