“To fund the redemptions, Silicon Valley Bank sold on Wednesday a $21 billion bond portfolio consisting mostly of U.S. Treasuries. The portfolio was yielding it an average 1.79%, far below the current 10-year Treasury yield of around 3.9%. This forced SVB to recognize a $1.8 billion loss, which it needed to fill through a capital raise.”
- Reuters
https://www.reuters.com/business/finance/what-caused-silicon-valley-banks-failure-2023-03-10/
BTCNews / BTCNews.Today
npub1ne…82v2c
2023-03-11 17:50:37
Author Public Key
npub1news9epyjkzguhgt6mlkavdsmnqs4j632u673j0kelypwh644jfst82v2cPublished at
2023-03-11 17:50:37Event JSON
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"tags": [],
"content": "“To fund the redemptions, Silicon Valley Bank sold on Wednesday a $21 billion bond portfolio consisting mostly of U.S. Treasuries. The portfolio was yielding it an average 1.79%, far below the current 10-year Treasury yield of around 3.9%. This forced SVB to recognize a $1.8 billion loss, which it needed to fill through a capital raise.”\n\n- Reuters\n\nhttps://www.reuters.com/business/finance/what-caused-silicon-valley-banks-failure-2023-03-10/",
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}