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I don’t think you can make that argument. Buying longed dated bonds is done in the pursuit of profit. Nothing stopped SVB from buying shorted dated bills with l
by pgwhalen 4y ago
I don’t think you can make that argument. Buying longed dated bonds is done in the pursuit of profit. Nothing stopped SVB from buying shorted dated bills with less interest rate risk instead.
- djbusby 4y agoOr don't buy so many long-dated bonds.