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by howeyc
1195 days ago
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> As for money markets, don’t those get invested in treasury bills/notes anyway Yeah, but the market price basically stays at $1 and whenever they "break the buck" it's a huge deal. 10 year loans "break the buck" so often that it's extremely strange SVB didn't do anything about it. Basically they should have invested in securities that were safer and fluctuated less, but they got greedy chasing yield and got found out. |
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