No, banks THAT are failing is bc they bought Long-Term Treasuries (instead of short-term) w/o perfectly normal hedging agains rate changes (against financial duration risk) Now do the Full stop. Balaji has been pretty bad on this one. https://t.co/7bLDZUK0IE
— Ááron Sepúlveda-Cué (@AaronSepulvedaC) Mar 13, 2023
via Twitter https://twitter.com/AaronSepulvedaC
March 14, 2023 at 12:47AM
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