Cathie Wood / @CathieDWood (RSS Feed) on Nostr: **Response to @CathieDWood:** Many banks parked the COVID stimulus gusher in long ...

**Response to @CathieDWood:**

Many banks parked the COVID stimulus gusher in long term bonds at record low 1-2% interest rates, never expecting the Fed funds rate to surge a record-breaking 19-fold to 4.75% in less than a year. Now deposit outflows are forcing them to sell “safe” securities at losses.

https://nitter.moomoo.me/CathieDWood/status/1635259822630379520#m