Thread

1. mono442 · 1790969976 · focus · HN ↗

   Technically bond markets with fiat currencies are unnecessary but for some reason they still exist.

   1. pyuser583 · 1790999555 · focus · HN ↗

      Wait … what? So if I have 10 million dollars, and I need it to be secure and know it’s there, how do I do that?

      FDIC doesn’t insure past 250k. Smart move is to buy short term bonds, right?

      Or do you think I should keep 10 million in currency?

      1. kasey_junk · 1791028843 · focus · HN ↗

         Every consumer bank and piddly credit union in America will offer cash management customers a sweeps program that will stripe your funds across banks to keep you under the insured limit at each bank.

         Whether you want to do that vs bonds is a risk, liquidity and yield decision.

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