Day: March 13, 2023

More Banks Crashing and Burning in the Pre-Market

I think I’ll just leave this here… Lines were seen outside a First Republic Bank branch in California, with worried customers wanting to withdraw funds […]

Bank Run Monday

Despite the extraordinary actions by the Federal Reserve and FDIC last night, the idea that shareholders and bondholders will be wiped out due to this […]

Oops, Something Else Broke

So steepening the yield curve probably isn’t such a hot idea even if it’s only 12 bps thus far: And the US Treasuries are watching […]