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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by LunaSea on Monday March 13, 2023 @09:36AM (#35135525)
> So far it seems their mistake is buying "risk free" bonds when they shouldn't have - but then again who could have expected interest rates to rise so quickly

Over a period of 10 years which is the duration of the bonds they bought, I would say that the chances are pretty fair.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by worrycue on Monday March 13, 2023 @11:46AM (#35137356)
I figured if the interest rate went up slower they could have survived the lower losses.
[ Parent | on HN ]