Re:America’s banks are missing hundreds of billions of dollars
by kgwgk on Wednesday March 22, 2023 @09:27AM
(#35260671)
Treasuries (without further qualification) are not cash equivalents. (And it’s not because of liquidity concerns.)
Treasury bills may be cash equivalents. They present (almost) no interest risk.
Long-term treasury notes/bonds is what was being discussed. There is interest risk in that case and neither your broker nor anyone else would consider them cash equivalents (unless they are already close to maturity).
Treasury bills may be cash equivalents. They present (almost) no interest risk.
Long-term treasury notes/bonds is what was being discussed. There is interest risk in that case and neither your broker nor anyone else would consider them cash equivalents (unless they are already close to maturity).