Kelly Riehl

Fish enthusiast

[Kelly Riehl @Fly_riehl]

@historyinmemes Pirate defense

[Lyn Alden @LynAldenContact]

Banks got ton of new deposits in 2020/2021 from the stimulus that went out, and they had to invest them somewhere.

Mostly they went into assets with little/no credit risk but that had duration risk (e.g. Treasuries, mortgages).

And then the Fed sucked liquidity out.

[Lyn Alden @LynAldenContact]

If you look closely, you can see the current inflation.