Keeping it Simple with Simplify Asset Management cover image

Keeping it Simple | Ep. 24: We Don’t Need No Stinkin’ CFOs.

Keeping it Simple with Simplify Asset Management

00:00

Silicon Valley Bank and the Dynamics of Bad Purchases of Mortgages

Silicon Valley bank bought mortgages that fell in value because of their duration sensitivity. But even if they have relatively little credit risk, you will very likely be paid back. It's just that the present value of the money is a totally different number now. The interest rate market moved just so hard and so fast meant that there wasn't any time for some natural attrition of the portfolio resetting at higher rates.

Play episode from 05:16
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app