Underwater: Strategic Trading and Risk Management in Bank Securities Portfolios
A Fuster, T Paligorova, JI Vickery - Available at SSRN, 2024 - papers.ssrn.com
We use bond-level data to study how US banks manage their securities portfolios, focusing
on bank responses to the rapid shift in interest rates in 2022-23 and the role of financial and …
on bank responses to the rapid shift in interest rates in 2022-23 and the role of financial and …