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Yeah I don't see why SVB couldn't have just rolled billions in short term T-bills instead.
by khuey 4y ago
Yeah I don't see why SVB couldn't have just rolled billions in short term T-bills instead.
- cormacrelf 4y agoBack in 2021 short term T-bills gave you less than 0.1% yield, hitting an all time low of 0.04% for some timeframes. The bonds they bought gave them 1.5% annual return. The banking regulations didn’t prevent them buying the ones they did. So yeah. That’s why.