Re:Yellen says government will help SVB depositors but rules...
by salawat on Sunday March 12, 2023 @01:14PM
(#35122894)
SVB's problems were the result of glutting on long maturation bonds instead of bills.
[ Parent
| on HN ]
Re:Yellen says government will help SVB depositors but rules...
by chiefalchemist on Sunday March 12, 2023 @07:12PM
(#35127863)
As it was explained to me, the Fed increasing interest rates impacted the value of the bonds held by SVB. As that value contracted SVBs was eventually in trouble.