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I don't know anyone who expected sub 50 bps raises each quarter for a while now.
by HWR_14 4y ago
I don't know anyone who expected sub 50 bps raises each quarter for a while now.
- pclmulqdq 4y agoSVB bought those assets 2 years ago, prior to the yield curve inversion or any of the current macro conditions. Also, the last rate hike was 25 bps, and early in 2022 people were expecting a slowdown to 0-point hikes by now. Prognosticating about this stuff to price long-term fixed-income vehicles is tricky.