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People investing in treasuries do not want your cash. Thayer had cash and spent it on treasuries. They want cash in the future to match their future liabilities
by JackFr 5y ago
People investing in treasuries do not want your cash. Thayer had cash and spent it on treasuries. They want cash in the future to match their future liabilities.
There is a real utility to having a vehicle for investing free of credit risk.
- rwmj 5y agoPensions are another investment where you need somewhere safe to "store" the money. Government bonds are one of those safe places. A quick search says US pension funds alone invest about $32 trillion (not all in bonds of course).