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Introduction
Financial Samurai: Why Silicon Valley Bank would buy 10 year bonds yielding 1.69% back in 2021 and maybe in early 2022? In 2023 I've been talking about buying treasury bills which are treasury bonds with a 1 year duration or earlier at about 5% to 5.15%. You just buy them risk-free, no state or local income taxes and you just wait until the carnage finishes unfolding. The building and chilling is the new term.