2023-04-22 07:59:00 ET
Last month, we witnessed the failure of Signature Bank and SVB Financial 's Silicon Valley Bank. The Federal Reserve introduced a Bank Term Funding Program to make depositors whole -- unfortunately with investors holding the bag as federal regulators seized the banks.
The failure of the banks had another effect: It made investors and risk managers rethink what they were doing. Bond investments have become more appealing to investors in the past year thanks to rising interest rates. Interest rates on government bonds have risen above levels not seen since 2007.
Investors have flocked into bonds and their related exchange-traded funds. One company that has benefited from these ripple effects is BlackRock (NYSE: BLK) . Here's what investors learned when the asset manager reported earnings on April 14.
For further details see:
How This Powerhouse Dividend Stock Benefitted From the Banking Turmoil in Q1