The high interest rate is one important trigger

来源: elfie 于 2023-03-12 06:57:52 [] [旧帖] [给我悄悄话] 本文已被阅读： 次 (275 bytes)

The startups need to withdraw more and more deposits to pay its own loans. And apparently the higher borrowing rate also brings down the price of the bonds that SVC held before. Selling bonds doesn't help to raise capital. Everything went wrong at the same time.

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