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Bank accounts were paying .1% interest at this time. SVB could've bought 1 year bonds and made .5-1% easily. That's a billion dollars...
by HDThoreaun 4y ago
Bank accounts were paying .1% interest at this time. SVB could've bought 1 year bonds and made .5-1% easily. That's a billion dollars...
- zenlikethat 4y agoThey didn't think they were gonna sell the assets before maturity. In that case, buying those makes sense.