>decided to go the conservative way and buy bonds. While strictly true, they did decide to go with long dated bonds that would tie up those funds for years pot

>decided to go the conservative way and buy bonds. While strictly true, they did decide to go with long dated bonds that would tie up those funds for years potentially. Typically banks will buy bonds of shorter duration. SVB however couldn't resist the higher interest rates of those long dated bonds. IIRC they had an average maturity of six years, whereas most banks are typically under one year.