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Does anyone here work for Silicon Valley Bank? They recently acquired Boston Private. I’m a candidate for a job at Boston Private. Wondering if SVB is planning layoffs in the near term at BP? Also, does anyone know the anticipated benefits to be rolled out from SVB as the parent company? Specifically interested in health insurance providers. Thanks in advance for any information! Silicon Valley Bank
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Why was it a good day to buy?
Rates have held two days above 3.00% (10-yr TSY), which has been a hard resistance level for the entirety of the year since touching 3.10%. China’s lower-than-anticipated tariffs helped buoy the stock market and reduce fears of drastically higher input prices (inflation), which caused bonds to sell off. Also, in munis a few large deals hit the market today flooding us with supply, so both taxable and tax frees went on sale today
Get axe’d big homie!
Interesting. But why would yields come back down after breaking resistance?
3.00% has been a resistance SINCE we touched 3.10% earlier this year.
So, you’re saying 3.10% is the new resistance level?
Who buys bonds?