Recent bank failures in the US and Switzerland may not be directly connected, but they are having wide-ranging effects on the markets.

Chief Economist with the Conference Board of Canada, Pedro Antunes says the failure of the Silicone Valley Bank was related to the mismanagement of assets.

He says the bank was holding all of its assets in long-term bonds, and when interest rates started to rise, those assets were worth less, and less.

With Credit Suisse had seen mismanagement problems for years that were affecting its share values for years and under increased scrutiny in light of the SVB failure couldn’t withstand a run on its withdrawals.

That’s left a jittery market in its wake, which Antunes says could result in lower interest rates.

It could cause central banks to hold off on any further interest rate hikes, and take some of the heat off the economy that central banks had been hoping to cool by rising interest rates.