'Big Short' Michael Burry warns on SVB stock rout: 'We found our Enron'

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'Big Short' Michael Burry warns on SVB stock rout: 'We found our Enron'
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'Big Short' investor Michael Burry issues a grave warning after Silicon Valley Bank's stock rout: 'It is possible today we found our Enron'

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.

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