Reply To: Money markets at Schwab now above 4%, tax-free muni now above 3%

[svelte]

Looks like the SVB joyride may have been kicked off by a newsletter last month. It possibly put depositors on edge and when SVB decided to sell their bonds and issue stock, that was all it took for depositors to panic and withdraw their funds.

https://www.dailymail.co.uk/news/article-11855685/Silicon-Valley-Bank-185-1-debt-asset-ratio-flagged-February-tech-experts-newsletter.html