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The investments were long term treasuries and mortgage backed securities, yielding about 1.6%? As rates have increased, long duration treasuries and MBSes are
by dannyw 4y ago
The investments were long term treasuries and mortgage backed securities, yielding about 1.6%?
As rates have increased, long duration treasuries and MBSes are now worth 20-30% less.
- JshWright 4y agoRight, that bit all makes sense. What was less clear to me (though sibling comments have since clarified) is why the depositor sector matters.
- deleted 4y ago[deleted]