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by dahdum
1194 days ago
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They had over $80 billion of MBS as HTM. > SVB’s mistake was investing in longer-term mortgage securities with more than 10 years to maturity, rather than shorter-maturity Treasuries or mortgage issues maturing in less than five years. This led to an asset/liability mismatch. https://www.barrons.com/articles/svb-silicon-valley-bank-rat... |
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