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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Over on Hacker News they are talking about the failure of Silicon Valley Bank, and it’s illiquid long dated treasuries.

With the rapid rise in internet rates, almost all the long dated debt over the last 2 decades have taken a HUGE  haircut, so suddenly many banks and such will be under capitalized and the Treasury market is much less liquid.

Couple that with debt ceiling shenanigans and possible China dumping UST as political stunt or even prelude to Taiwan attack, and the US could suddenly have no way to pay its bills and could collapse. [/quote]

Surprised more ppl not talking about SVB…..[/quote]

Well it’s a west coast startup focused thing, so it’s crisis seems contained. But the root problem with the mark to market drop of long date treasuries is a wider potential problem. [/quote]

This looks like a total over reaction.  SVB looks solid.  This is a minor not major issue for other banks.[/quote]

FDIC disagrees.

https://www.fdic.gov/news/press-releases/2023/pr23016.html[/quote]

wowza. [/quote]

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