In light of the recent closure of three major banks in the United States, namely Silicon Valley Bank (SVB), Signature Bank, and Silvergate Bank, due to liquidity issues and government intervention, Dr. Srikanya Yathip, Secretary-General of the Government Pension Fund (GPF), has disclosed that the GPF has no investments in stocks or bonds of any of these three banks, nor in any digital assets. This crisis stems from mismanagement of assets and liabilities at SVB, and it is expected that the situation will not escalate or spread to other industries, although it may have a short-term impact on the US technology sector. The US government has implemented measures to contain the fallout and reduce public panic, while also reaffirming the stability of the US financial system, which remains strong.

The GPF believes that the investment market remains volatile due to uncertainties surrounding interest rate policies, inflation, and a lack of investor confidence. Additionally, venture capital, private equity, and startups may find it more challenging to access funding. These developments could affect the profits and balance sheets of banks and signal negative trends for the US stock market and global markets as a whole. Furthermore, the yields on 2-year and 10-year US government bonds have sharply declined by approximately 40-70 basis points, reflecting expectations that the Federal Reserve (FED) may delay further interest rate hikes, which could impact the GPF's overall investment portfolio.

Nevertheless, the GPF is closely monitoring the investment situation and has adopted a cautious and prudent investment policy aimed at generating good long-term returns for its members.