Echoes of 2008 as Silicon Valley Bank collapse sparks large falls in rates
Summary Silicon Valley Bank collapse was down to mismanagement of interest rate risk Term rates have fallen sharply as risk aversion rises Silicon Valley Bank collapse a canary in the coalmine? Unlike the Financial Crash in 2008, Silicon Valley Bank (SVB) didn’t collapse due to poor lending decisions. Instead, it was simply a conscious decision […]
Euribor 3-month rate set to increase further
Euribor 3 month and Euribor Swap Rates Continue to Climb The European Central Bank (ECB) has raised interest rates by 425 basis points since last summer to 3.75%, the highest level since 2009. The 3-month rate, which influences the pricing of variable rate loans, is at 3.701% – the last time it was at this […]