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They messed up from what I read. Most banks would have a variety of bonds, long and short term, with varying yeilds. Esp. given the rise of inflation took a l
by topranks 4y ago
They messed up from what I read.
Most banks would have a variety of bonds, long and short term, with varying yeilds. Esp. given the rise of inflation took a little while and it wasn’t unlikely rates would rise.
SVB putting so much into long-term, low-yield treasuries was a major failure of its risk management.