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Despite the title, it looks like a lot of the focus of the article is on the money flow out of banks and into MMFs, which puts a lot of stress on banks that (li
by SilasX 4y ago
Despite the title, it looks like a lot of the focus of the article is on the money flow out of banks and into MMFs, which puts a lot of stress on banks that (like SVB) have too much of their assets in long-term bonds that they want to hold to maturity, but can't, if there are too many withdrawals.
So I thought I'd point out of a recent HN discussion of a Financial Times article about that:
https://news.ycombinator.com/item?id=35316449 https://news.ycombinator.com/item?id=35316449