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SVB Collapse Continues to Have an Impact
Bloomberg Businessweek
Is There Any Way to Hedge Against This Risk?
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Matt Levine: SBB had a lot of duration risk in a way that was not accounted for market market day-to-day and their balance sheet. He says when they went to sell that duration risk, really came back to bite them. "It seems like the tech bro crowd kind of noticed ... And it's like, let's get our money out"
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