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The Bank Crisis Is "Overblown" | Joseph Wang
Forward Guidance
Why Silicon Valley Bank Didn't Hed Their Risk?
Silicon Valley Bank had all of these assets, Treasuries and mortgage back securities. They basically all moved it to held to maturity. The value of their securities would go down a billion dollars for every single 25 basis point increase in rates. So this was not just poor management on the interest rate risk side, but also on how to manage your asset portfolio.
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