FX Daily: What to expect from another day of market mayhem

From think.ing.com

The fallout of the collapse of Silicon Valley Bank and Signature Bank is still unfolding. Let’s start by taking stock of what's happened since markets reopened after the weekend: Depositors at SVB and Signature could access their funds on Monday thanks to intervention by US regulators, which aimed at preventing contagion. The Fed’s $25bn Bank Term Funding Programme came into action, offering advantageous conditions for banks that can get loans with collaterals valued at par – therefore avoiding incurring losses when selling securities that have lost in value. It remains to be seen to what degree this will ... (full story)