> So far it seems their mistake is buying "risk free" bonds when they shouldn't ... | Hacker News

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		LunaSea on March 13, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... > 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.

worrycue on March 13, 2023 [–]

I figured if the interest rate went up slower they could have survived the lower losses.

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