Surveillance: SVB Fallout with Michaud
Bloomberg Surveillance
00:00
Is the Fed Doing Its Job?
I think it's very soon to make a call on the Fed being done. The financial stability risks seem to be somewhat ring-fenced and isolated with a couple of banks. So especially given the fact that yields have risen so dramatically, our view has consistently been that the risk to yields are especially skewed towards the downside. And that's exactly what you're seeing in the price action.
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