What Silicon Valley Bank’s collapse means for Canada
The Decibel
00:00
Banks Are About Funding in Liquidity
Silicon Valley Bank had all this money in bonds that are safe bonds. But the bond market, like the stock market, took a big hit because of interest rates. Because they had these cash outflows, they had to all of a sudden sell some of these bonds. They needed money, essentially. It's just how it works.
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