News flash. 30 yr bonds are really just stuck in a range. We just went from the bottom to the top in short order. Gets harder from here.
SVB is Now In the Hands of the FDIC
- Thread starter 2003RedfireVert
- Start date
March 2022 bonds were 160.
June 22 bonds 131, drop of 29 full points.
Thats the break that probably put these banks and most of the rest of the world holding any duration of federal debt in the dinger.
Dec 15 of 2022 bonds were 131
Dec 30 of 22 bonds were 124, drop of over 7 points in 15 days
Feb 2, 2023 bonds were 132.22
March 2, 2023 bonds @ 122.20, drop of 10 full points.
This Friday low to Monday spike high was 126 to 133, and the market has already given back 2 full points.
Yes, the yield curve has had a massive swing and poor people have reacted like clockwork out of fear while big money players lead them to slaughter.
During most of this Fed rate raise cycle the 3-month treasury was a better yield than CDs and now short CDs have the edge because the banks have finally been called to the table.
As we sit today, this is most certainly not the biggest financial event of my lifetime, or even of the last year unless absolutely poorly positioned.
June 22 bonds 131, drop of 29 full points.
Thats the break that probably put these banks and most of the rest of the world holding any duration of federal debt in the dinger.
Dec 15 of 2022 bonds were 131
Dec 30 of 22 bonds were 124, drop of over 7 points in 15 days
Feb 2, 2023 bonds were 132.22
March 2, 2023 bonds @ 122.20, drop of 10 full points.
This Friday low to Monday spike high was 126 to 133, and the market has already given back 2 full points.
Yes, the yield curve has had a massive swing and poor people have reacted like clockwork out of fear while big money players lead them to slaughter.
During most of this Fed rate raise cycle the 3-month treasury was a better yield than CDs and now short CDs have the edge because the banks have finally been called to the table.
As we sit today, this is most certainly not the biggest financial event of my lifetime, or even of the last year unless absolutely poorly positioned.
Nailed it.
"The analysts named San Francisco-based First Republic Bank as their top pick for 2023, followed by San Antonio-based Cullen/Frost Bankers Inc. in second place. Santa Clara, Calif.-based SVB Financial Group, Dallas-based Comerica Inc. and Nashville, Tenn.-based Pinnacle Financial Partners Inc. stood in third, fourth and fifth place among their top picks, respectively."
www.spglobal.com
"The analysts named San Francisco-based First Republic Bank as their top pick for 2023, followed by San Antonio-based Cullen/Frost Bankers Inc. in second place. Santa Clara, Calif.-based SVB Financial Group, Dallas-based Comerica Inc. and Nashville, Tenn.-based Pinnacle Financial Partners Inc. stood in third, fourth and fifth place among their top picks, respectively."
Equity analysts name top US bank picks for 2023
Analysts said a challenging backdrop for U.S. banks in 2023 includes a potential recession, peaking net interest margins, funding pressures and other factors.
"it's not systemic"
Bernanke: Subprime Mortgage Woes Won't Seriously Hurt Economy
Federal Reserve Chairman Ben Bernanke said that he didn't believe the growing number of mortgage defaults would seriously harm the economy, and also noted that banks share significant risks when financing private equity deals. Bernanke also promised that the Fed would crack down on abuses that...www.cnbc.com
Saw Bernake and was like damn, he’s been around awhile.
Article was from 07’
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Trump orders Dodd-Frank review in effort to roll back financial regulation
President says bill meant to prevent another financial crisis is crippling the economy as critics charge that Trump is caving in to Wall Street
www.theguardian.com
I fly a lot of hog hunts on the red river near Broken Bow, I’ve never seen anyone eat the meat. Curious, who do you fly with when you’re here?
Trump orders Dodd-Frank review in effort to roll back financial regulation
President says bill meant to prevent another financial crisis is crippling the economy as critics charge that Trump is caving in to Wall Street
So financial gurus need regulation to keep them from doing dumb stuff? Seems like they are no smarter than forklift operators.
For that WAP, Tyre was willing to change his pronouns to was/were.
Trump orders Dodd-Frank review in effort to roll back financial regulation
President says bill meant to prevent another financial crisis is crippling the economy as critics charge that Trump is caving in to Wall Street
Second paragraph, bro:
....... But the move was largely symbolic – only Congress can rewrite the legislation........
I hunt with dogs. closest town is hondo.
Sorry, point was we thought subprime was contained in 2007. The shitstorm was only beginning.
Today's victims
Credit Suisse, come on down.
It really chaps my ass that Trump used his time travel machine to snooker Swiss bank auditors.
www.cnbc.com
It really chaps my ass that Trump used his time travel machine to snooker Swiss bank auditors.
Credit Suisse shares sink as 'material weaknesses' found in financial reporting
Credit Suisse said its net asset outflows had "not yet reversed," and that "material weaknesses" were identified in its financial reporting processes.
www.cnbc.com
You hating Donald Trump is the least shocking thing I will experience this year.Trump orders Dodd-Frank review in effort to roll back financial regulation
President says bill meant to prevent another financial crisis is crippling the economy as critics charge that Trump is caving in to Wall Street
Keep your mask on your boosters up to date stay home stop the spread and continue to blame everyone for your shortcomings.
In full irony - Barney Frank, co-author of the bill, was a director of SVB
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