The problem though is that their portfolio seems to only have been long term T bills. They didnt have adequate amounts of short term And medium term T bills to protect against a run
That's still being greedy. Long term T bills have a higher return than short and medium term bills. Had they not had a run, they'd have been fine.
beepos t1_jc60a9u wrote
Reply to comment by WorshipNickOfferman in Silicon Valley Bank posted 'financial crimes' senior manager job listing just before closure by carolinaindian02
The problem though is that their portfolio seems to only have been long term T bills. They didnt have adequate amounts of short term And medium term T bills to protect against a run
That's still being greedy. Long term T bills have a higher return than short and medium term bills. Had they not had a run, they'd have been fine.