Simple. SVB borrowed on a short term basis and invested on a long term basis, and then came the squeeze. Who on earth would have predicted their long term bond values would go down when rates rose? Whodathunk?
Simple. SVB borrowed on a short term basis and invested on a long term basis, and then came the squeeze. Who on earth would have predicted their long term bond values would go down when rates rose? Whodathunk?
Simple. SVB borrowed on a short term basis and invested on a long term basis, and then came the squeeze. Who on earth would have predicted their long term bond values would go down when rates rose? Whodathunk?