3 ms·
Yes. Let’s not forget that the last time the BOJ hinted at rate normalization, it caused a global bond market freakout, a spike in Treasury rates, and a collaps
by timr 2mo ago
Yes. Let’s not forget that the last time the BOJ hinted at rate normalization, it caused a global bond market freakout, a spike in Treasury rates, and a collapse in Asian stocks (the “BOJ Shock” of December 22).
One can make a reasonable story that this led to the SVB collapse.
- mono442 2mo agoThe svb collapsed because they bought a lot of long term bonds during zero interest rate policy. It was inevitable.