SVB Financial's stock price collapsed earlier on Thursday after the company said it would sell more shares to cover a $1.8 billion loss it incurred after completing a $21 billion fire sale of its bond portfolio.
The 3-Year US Treasury note yielded 4.5% in early-morning trading Friday – meaning prices have plummeted since SVB bought the bonds prior to 2022.
For those who get easily confused (many fakes out there), Michael Burry's actual Twitter account is: michaeljburry Deletes tweet constantly. Joined November 2011
Lehman bross if a sale or bail out not reached by Monday open we will have a problem
He never mentioned a name.
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