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Talking Tuesdays with Stephen L. Haas | April 4, 2023

“The Fed was in play in March and executed a 25-basis point rate hike amidst a mini banking crisis with regional banks taking the spotlight along with key economic data which pushed the market to lower rates and volatile spreads.  Prior to the mini-banking crisis, a 50-basis point fed rate hike was being debated but the bank crisis for Silicon Valley Bank, Signature Bank, Silvergate Bank and Credit Suisse led the volatility and a coordinated plan of attack by the Fed, FDIC, US Treasury Department, Private capital and the Money Center Banks to stem the tide on a further run on the banks.”

Get your updates on the credit market each week with Talking Tuesdays from Stephen L. Haas, Head of Credit Trading for AmeriVet Securities.