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No. This week, the treasuries and other assets in capital are effectively cash equivalents.
by BrandonS113 4y ago
No. This week, the treasuries and other assets in capital are effectively cash equivalents.
- rvnx 4y agoThe worst part of it, is that once interest rates started raising and they started seeing the obvious (but not critical!) impact on their long-maturity bonds, they simply could have switched to shorter-maturity bonds and be totally fine. But they preferred to gamble.