SVB fallout: Nobody knows what will happen next
Manage episode 357782091 series 2530082
Link to slide deck: https://bit.ly/3ZFKGew -
We follow up on Friday's big event with SVB Financial failing as a financial institution which set in motion a US government backstop of uninsured deposits over the weekend which extended to Signature Bank which was also taken over by the US government yesterday. We focus on the market reaction across equities, US bonds, interbank spreads, and gold with our main message being that nobody knows what will happen next. It is all one big guessing this week on fallout from the failure of SVB Financial. Today's pod features Peter Garnry and Ole S. Hansen.
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Intro and outro music by AShamaluevMusic