Liquid tbills - what is the current yield on those tbills. At least he wouldn’t be forced to sell them at a loss like SVB.
SILICON VALLEY BANK SELLS BOND PORTFOLIO AT A LOSS
To fund the redemptions, Silicon Valley Bank sold on Wednesday a $21 billion bond portfolio consisting mostly of U.S. Treasuries. The portfolio was yielding it an average 1.79%, far below the current 10-year Treasury yield of around 3.9%. This forced SVB to recognize a $1.8 billion loss, which it needed to fill through a capital raise.
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