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Bloomberg headline:
*US BANK DEPOSITS FALL BY $12.5B IN WEEK ENDED APRIL 26
I think this is misleading as there is a lot of confusion on how to read the H8 deposit data.
🧵to explain.
@BobEUnlimited
Bloomberg headline:
*US BANK DEPOSITS FALL BY $12.5B IN WEEK ENDED APRIL 26
I think this is misleading as there is a lot of confusion on how to read the H8 deposit data.
🧵to explain.
@BobEUnlimited
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Cullen Roche @cullenroche
·
May 5, 2023
Nice thread. Another way of thinking about this is that deposits are sticky in a 0% rate environment and become flighty in a 5% environment. Velocity of deposits surges in the chase for yield and weak banks will be caught in the crosshairs as their funding costs rise.
Frances Coppola @Frances_Coppola
·
May 6, 2023
Great thread.
Danielle DiMartino Booth @dimartinobooth
·
May 6, 2023
Solid analysis.