Re:America’s banks are missing hundreds of billions of dollars
by csomar on Wednesday March 22, 2023 @06:39AM
(#35259159)
> But for those they would have to pay a premium.
Wouldn't that be equal to holding short-term treasuries. In that case, they'd be sitting at billions of "worthless" money. Question is, who is the other bank that took that risk. Because of the nature of the market (ie: competition) they had to produce yield comparing to their peers.
So either their peers were smarter or the big unfolding is yet to happen.
Wouldn't that be equal to holding short-term treasuries. In that case, they'd be sitting at billions of "worthless" money. Question is, who is the other bank that took that risk. Because of the nature of the market (ie: competition) they had to produce yield comparing to their peers.
So either their peers were smarter or the big unfolding is yet to happen.