npub1hdjy0970y85dw982djnxc3zz9gur6l4r747xyreflnkctk7nmkuqwsck09 (npub1hdj…ck09) The official story is that SVB was forced to sell its bond portfolio too early to raise the funds necessary to keep the cash flowing. U.S. Treasuries have lost a lot of value due to the Fed’s rapid rate-hiking cycle. So SVB was sitting on massive unrealised losses in its bond portfolio in 2023. In order to recoup those losses, SVB tried to raise outside capital via share offerings. That didn't work, so unrealised losses became realised losses.
Thanks to no un-woke risk officer, maybe.
Sir Quirky /
npub15g…78upm
2023-03-12 20:25:59
in reply to nevent1q…5hel
Author Public Key
npub15gczqqvxmj396av7fkqjna2xlupqekl5z7f3xcx6gw958uflc3ksx78upmSeen on
wss://relay.nostr.bandPublished at
2023-03-12 20:25:59Event JSON
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"content": "#[0] The official story is that SVB was forced to sell its bond portfolio too early to raise the funds necessary to keep the cash flowing. U.S. Treasuries have lost a lot of value due to the Fed’s rapid rate-hiking cycle. So SVB was sitting on massive unrealised losses in its bond portfolio in 2023. In order to recoup those losses, SVB tried to raise outside capital via share offerings. That didn't work, so unrealised losses became realised losses.\nThanks to no un-woke risk officer, maybe.",
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