SVB and mortgage backed securities Is anybody aware that SVB purchased $80b in mortgage backed securities last year? What do you think these mortgages are worth today?
Another Lehman Brothers moment and liquidity crisis for the venture startups.
97% of these mortgages are 10 year plus in duration with a weighted average yield of 1.56%!
A 10 year risk free bond currently pays you just under 4%.
which one would you choose?