2 ms·
> The old treasuries decline 30-40% in present value. Oops, they're not so safe after all if you need your money back before maturity, which is often decades aw
by nonethewiser 4y ago
> The old treasuries decline 30-40% in present value. Oops, they're not so safe after all if you need your money back before maturity, which is often decades away.
Just to be clear, this is finance 101. Its not a surprise.
Having to sell treasuries at this time was the surprise.