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A comment on SVB shows that there are few libertarians in a financial foxhole. Parent comment
Sure but they could have bought shorter bonds instead of a bunch of ten years, there's no reason to take so much duration risk.
Every intro to financial engineering class includes a "build a Treasury ladder" exercise, it's not rocket science.
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Sure but they could have bought shorter bonds instead of a bunch of ten years, there's no reason to take so much duration risk.
Every intro to financial engineering class includes a "build a Treasury ladder" exercise, it's not rocket science.