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Coloring STL

2 years 8 months ago

St. Louis is a kaleidoscope of architecture, filled with structures of every age, shape, and size. In Coloring STL, Missouri History Museum visitors will interact with these fascinating buildings in

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Patrick

SVB didn’t collapse because of unhedged interest rate bets

2 years 8 months ago
You're all probably tired of hearing me natter on about Silicon Valley Bank, but the conventional narrative continues to bug me. The most persistent part of the narrative is that SVB had a bond portfolio exposed to lots of interest rate risk and they were morons for not hedging this risk. But normally, you hedge ...continue reading "SVB didn’t collapse because of unhedged interest rate bets"
Kevin Drum