Notes on the Crises

Macroeconomics, Money and Market Governance

Sep 19, 2023

I Was Wrong About Post-SVB Treasury Market Strains- Here’s Why

I Was Wrong About Post-SVB Treasury Market Strains- Here’s Why

Subscribe On March 16th 2023, the Thursday after Silicon Valley Bank Failed, I published a piece entitled “What's going on with Treasuries? Silicon Valley Bank and the incoherence of the Federal Reserve's (lack of) an interest rate policy this week.” The central premise of this piece was that a lack