[Mariner]

This is all the mortgage paper at less than 3%.

It has nothing to do with the wretched Biden admin.

A AAA MBS at 3% is a liability, not an asset.

[Alberta's Child]

It's mortgage bonds AND long-term U.S. Treasury bonds that were issued in 2020-21 at miniscule interest rates.

I think the latter was the problem that doomed Silicon Valley Bank.

[cymbeline]

“It has nothing to do with the wretched Biden admin.”

I’m confused as to how the banks suffer from Bidenomics.

I’m thinking they bought low-interest-rate bonds, interest rates have gone up, and the bonds have dropped in value.

So the banks no longer have enough assets to pay off their loans or something like that.

Can you give some clarification? High finance is a complicates subject, perhaps intentionally so.