3 ms·
The interest rate risk of a 10y t-note is a couple orders of magnitude higher than the interest rate risk of a 1 month t-bill, because of duration. USDC would
by quickthrowman 4y ago
The interest rate risk of a 10y t-note is a couple orders of magnitude higher than the interest rate risk of a 1 month t-bill, because of duration.
USDC would have to wait just over a month for all of their t-bills to mature, SVB was looking at waiting 8 years.
Massively different risk profiles.