Re:FDIC Takes over Silicon Valley Bank
by abm53 on Friday March 10, 2023 @02:57PM
(#35100021)
If that was the market clearing price, then to the extent that rate expectations set the bond price (which of course is debatable) this would have been the consensus view at the time.
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Re:FDIC Takes over Silicon Valley Bank
by Dylan16807 on Friday March 10, 2023 @07:48PM
(#35103652)
You can't really capture consensus with a single number.
Maybe the market expects a likely range of 1%-2%. Maybe the market expects a likely range of 0%-5%. Those could both have an expected value of 1.5%, with much different levels of risk for this use case.