Its hard to overstate how true your point is re-bankers responsibility.
The very basic thing you learn when studying banking is durations and how your primary job is balancing that for your debts and assets.
Bankers also have various tools to short circuit any issues, inclusing raising rates on deposits, getting wholesale funding, matching various duration bonds, etc.
Also, while historical data is not an indicator of future data, the average long term interest rates in the US have always been higher than what it was in the past decade.
Yes, hindsight might be 2020, and this applies to even my comments. But we literally are paying these bankers exorbitant sums to know these and do better than the average Joe
The very basic thing you learn when studying banking is durations and how your primary job is balancing that for your debts and assets.
Bankers also have various tools to short circuit any issues, inclusing raising rates on deposits, getting wholesale funding, matching various duration bonds, etc.
Also, while historical data is not an indicator of future data, the average long term interest rates in the US have always been higher than what it was in the past decade.
Yes, hindsight might be 2020, and this applies to even my comments. But we literally are paying these bankers exorbitant sums to know these and do better than the average Joe